Upon entering the office Sterling had lost ground against a basket of major currencies however we have recently seena fightback over the past hour or so.
All eyes will now be eagerly awaiting the pre budget speech and what Alistair darling has to say - following the pattern of 2009 pretty much every time Mr Darling speaks Sterling tends to tumble so will things be different today????
I believe we should know more by lunchtime so check back later for information on what was said and any rate movements that have resulted from them.
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