Sterling has crept up a little in the past 24 hours following a slightly more positive outlook on the U.K economy by Sir Mervyn King – Governor of the Bank of England.

King upgraded growth forecasts and however did also say there was still a downside risk, and investors still seem to agree with this as confidence in the U.K and indeed the Pound still does not seem too high.

There isn’t a huge amount of data left to come out this week for the U.K so I don’t expect any huge movements in the coming few days however do be aware that in this current global economic situation and surprises can pop up at any time.