Yesterday we saw the announcement of the first Canadian interest rate decision of 2010 which was, unsurprisingly, left on hold at 0.25%. The central bank reiterated that the currency's continued strength was a real hindrance to economic recovery.
On the back of this announcement Sterling gained some significant ground, a welcome change for those looking to buy the Loonie.
In other news German ZEW investor confidence slid more than expected, denting the Euro, while UK inflation figures came out at 2.9% the biggest increase since records began.
This all led to a pretty good day for the Pound which ended up three quaters of one percent up against the single European Currency by the day close
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