By Aidan Meikle

Pound loses ground in morning trading.

Today has seen red screens all round, with sterling losing to most major currencies, mainly dollar which was falling towards the mid market rate of 1.45 and the Euro, which is around the low 1.12.

This is probably due to expected forecast changes by Alaistair Darling in regards to the budget release.  The CBI has said however that the worst of the UK recession is over, but it has already been worse than expected.  This has lead to the sterling weakness seen this morning.

Ah, look at the time.  Lunch is calling me, I will see you soon!

Percy.