"The economy also showed signs of improvement with like for like retail sales increasing by 7.1% year on year in January versus a 4.8% rise in December. This comfortably beat analysts’ predictions.

The GDP estimate for the three months to January will be released later this morning with estimates of a 0.9% increase the average of analyst’s predictions.

Investors' net long Sterling positions continue to increase as the market's view that the UK will be among the leaders if not the first to be able to lift its lockdown.

Friday will see the release of a raft of data that will provide evidence of the level of improvement (if any) in the economy. However, other than preliminary Q4 GDP data, it is leading indicators that are drawing the most attention.

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Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.