30 March 2010

Pound up against Weaker Dollar

The pound rose against a broadly weaker dollar in this morning's currency trading, but investors are still focused on the political uncertainty which overshadows the run-up to the May general election.

Later today the final adjustment to fourth quarter GDP figures will be made, and some hope that it will rise once more. Starting with 0.1%, it was then revised to 0.3% - will it reach any higher?

Meanwhile in the City, the FSA is carrying out a massive crack down on insider trading, the activity which has been illegal since 1980.

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