Sterling has recently made gains on the foreign exchange markets following the release of positive economic data. Figures from the Office for National Statistics (ONS) revealed that unemployment in the UK fell by 0.1 per cent in the three months to January 2010.
The UK government borrowed £12.4bn in February, less than economists had expected, official figures have shown. The borrowing figure for January was also revised sharply downwards, to £43m from £4.3bn.
Fed stated that it will keep its current, low rate "for an extended period", which should help both stocks and bonds.
Analysts have predicted that sterling will continue to see a low rate of currency exchange. Kornelius Purps, fixed income director at Unicredit, told the Daily Telegraph that sterling will continue to face difficulties as the UK struggles to recover from the recession.
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