sterling

Sterling fell against the dollar as Chancellor George Osborne announced the UK's fiscal austerity programme would be carried through to 2018.

Mark Holman, Managing partner at TwentyFour Asset Management.

The Swiss central bank "aggressively diversified" into UK gilts in the third quarter, providing a boost to sterling, but the end of this process could be damaging to the currency, according to analysts at Nomura.

IS STERLING OVERVALUED?

The euro hit a four-month high today against the US dollar after German lawmakers said the country can now approve Europe's rescue fund.

Legal & General Investments (LGI) is set to launch an index fund linked to the highest quality issues in the sterling corporate bond market at the end of the month.

Sterling has been backed to extend gains against the euro despite rising to a three-and-a-half-year high this week, as investors' fears over the future of the eurozone play out in money markets.

James Henderson of Henderson Global Investors explains how UK-based manufacturing companies are leading the way with new and innovative product ideas.

CURRENCIES

April UK retail sales have come in well below forecast as Bank of England minutes have revealed many MPC members are considering voting for further quantitative easing.