sterling

The Standard Life Investments multi-asset team believes taking a long sterling position against the euro now looks attractive.

The euro has risen against the dollar this morning after the Greek government unveiled 4.8bn euros worth of austerity measures.

The Government borrowed £4.3bn in January, the first time there has been a budget deficit in January since records began in 1993.

Sarasin's Daniel Briggs has reduced sterling and euro exposure in the £231m GlobalSar IIID fund over concerns for public sector deficits.

This week's Conjecture panel debates whether current yields are bringing enough reward for the risks take and what issues managers in the sectors are currently facing

The year of the corporate bond fund has been a tug of war between duration risk and systemic risk

The pound fell to an 11-week low of €1.1461 yesterday despite bullish global equity markets.

Corporate bond markets provided investors with great opportunities over the course of the past few months, contrasting with the view of many that the area is comparatively sleepy.

The FTSE 100 reached its highest level since October 2008 this afternoon, leaping more than 75 points to reach 4695.92 points.

Sterling has rocketed to a ten-month high against the dollar today as bullish equities and oil prices boosted market sentiment and investor risk appetites.