By Alex Ellis

There has been significant steling strength following the U.K. budget report yesterday; during this report it was announced that the amount of government borrowing has been revised. This revision has shown a decrease and therefore can be attributed to the short term gains we have seen for sterling last night.

However this gain c0uld be short lived with U.K. retail figures release today at 09:30 AM, some analysts are predicting that these figures could be released worse than expected. However I believe that these figures could surprise the market and we may see some sterling strength following the release.

Either way in order to best manage your financial position prior and following the release contact one of our experienced currency brokers using Currency Line.