Sterling has recently made gains on the foreign exchange markets following the release of positive economic data.

Figures from the Office for National Statistics (ONS) revealed that unemployment in the UK fell by 0.1 per cent in the three months to January 2010.

There were also reports from the ONS that public sector borrowing was below what economists expected.

According to the report, borrowing in February stood at £12.361 billion; almost £2 billion below economists' suggestions.

New information revealed today (March 18th) could see sterling make further gains on the foreign exchange market.

The Angus Reid Public Opinion poll showed that the Conservative party has 39 per cent on the vote.

If this is upheld in the May election, sterling may become a little steadier as analysts believe a single party will provide a stronger economic base than a hung parliament result.

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Posted by Sarah Pitton