This is all down to two factors - firstly, Industrial Production figures came out a little better than expected leading to minor strength in the morning.
Secondly, The NIESR (National Institute of Economic and Social Research) released their revised GDP figures and indicated that they now believe that the economy grew by 0.30% in the last quarter.
With the GDP figures due at the end of the month expected to confirm we are officially out of a recession all eyes are on any information surrounding this data and the Pound has strengthened healthily off the back of this data.
Tommorow brings the ECB (European Central Bank) interest rate decision at 12:45pm and although no major changes to rates are expected investors will be eagerly anticipating what is said by head of the ECB (Jean Claude Trichet) in his speech afterwards regarding future economic policies.
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