Friday morning saw the first positive reports for the UK in 2010 with Product Price Index results coming in higher than expected. The price of goods leaving the UK rose 0.5% last month and took the annual rate of output to 3.5% which is the highest since January 2009.
These results published by the Office of National Statistics made a welcome change as the pound strengthened against a basket of major currencies in
morning trading, which for some pairings was the first time in 2010.
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