New Confidence in UK Economy

The currency exchange market foresees a slightly stronger pound in the medium term thanks to a host of positive UK economic data.  As a result of better-than-expected trade deficit figures released this week, along with good retail sales pre-Easter, the pound rose a little on the currency market.

Against the US dollar the pound rose by 0.1% while the euro fell by 0.1% against sterling – not exactly a surge but a notable change nonetheless.

So, is there a new bout of confidence in the UK economy?  It would seem so – although as ever there is always the option to go with the optimistic view or the more cautious version.  The less enthusiastic commentators say that every bit of new data should be taken with a pinch of salt and warn against getting too excited.  After all, there is still a general election around the corner…

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