This morning we've seen sterling hit a 12 week high versus the US dollar as the pound and other riskier assets buoyed by the prospect of Greece reaching a deal regarding its austerity measures thus avoid any default on its loans.
The big surprise overnight was the reserve bank of Australia’s decision to keep interest rates on hold at 4.25%.
The pound has continued to advance against the euro this morning as the ongoing deadlock in Greece puts investors off the single currency.
According to the Purchasing Managers Index the sector grew in January by the fastest rate in nearly a year.
Fairly quiet day today, main story is the Greek debt situation.