sterling

The pound reached a 14-month high this morning, after data revealed UK inflation soared to 4.4% in February.

Sterling rose against the dollar and the euro after monetary policy committee (MPC) minutes for February showed a more hawkish outlook than expected.

Sterling rose to a fresh three-month high versus the dollar this morning after UK services data came in above expectations.

Sterling will be the best-perfoming major currency next year as the UK gets its "house in order", according to forecasts from Barclays.

Are the wild days over for the corporate bond sector?

UK equity markets and sterling were largely unfazed by today's Spending Review with investors unsuprised by the level of the cuts.

The pound has fallen to a five month low against the euro amid a rising claimant count and falling consumer confidence.

The pound dropped this morning on the news UK retail sales fell by 0.5% in August, surprising economists who had expected a 0.3% rise.

Andrew Sentance voted against the rest of the Monetary Policy Committee (MPC) for a rise in interest rates for the third consecutive month, minutes from the August meeting show.

The FTSE 100 has soared 1.98% this morning as HSBC more than doubled pre-tax profit to £7bn.