Sterling performance

Surveys of the industrial and financial sectors of the UK economy not only rationalise the outperformance of sterling that has taken so many strategists by surprise, but suggest there is more to come. Having sold off to within a whisker of parity against the euro at the turn of the year, sterling has so far recouped around 20% of the ground it lost through the course of 2008. Sterling is the best performing G-10 currency over the past month and second-best year to date (after the Australian

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