Another day lacking in economic data releases saw market attentions again focused towards wider political events elsewhere. Greece remained firmly in the spotlight as Prime Minister Papandreou sought support from the international community to help crack down on financial speculators that he blames for exacerbating his country’s debt woes. The pound had another tough day as house price data showed the sharpest one month fall since April 2008 & trade figures showed that the UK’s deficit between import and export had again widened.


On a day marking the anniversary of American stocks post financial low, the dollar again capitalised on the weakness of its major rivals. Further evidence that the US recovery is outpacing that of its rivals was found on news that job openings in the US rose in January to the highest level in almost a year.


Another day light on economic data sees investors looking to UK Industrial Production & German Trade Balance figures.