The Financial Fixed Odds update from David Evans, Market Analyst, BetOnMarkets.

The Pound is continuing its strong run this morning with the Pound – Dollar the strongest mover on the day.

However there are some hefty economic bullets for it to dodge with a string of important economic announcements due out for the UK today.

The main data point of concern is public sector net borrowing due at 09.30 GMT. With the election looming, public sector debt has been a central issue for the major parties with the financial markets ready to attack the pound if this deficit looks like it is getting (even more) out of control.

Analysts expect the figure to be a headline grabbing £24.1bn, the highest level yet since the credit crunch. Any number significantly above or below this will cause even more volatility in the pound.

At the same time we have UK retail sales and mortgage approvals.

Aside from the UK’s big announcements today, there it is a busy day for most major currencies.

Between 08.00 and 09.00 we have a raft of European, French and German services and Manufacturing data.

At 13.30 we have US inflation (PPI) and Unemployment claims. At 15.00 we get the latest data on the area at the core of the credit crisis – US housing with Existing home sales at 15.00

Finally Canada blasts back into the spotlight at 15.30 with the latest Bank of Canada policy report followed by a press conference.

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