By Rob Bastin

GBP/USD exchange rates finished the day down by 0.4% after a volatile days trading. Official figures confirmed inflation levels in the UK at 3%, just below analysts forecasts and if anything the pound lost ground against most major currencies after this release. UK mortgage approvals where however up to 35.2k in February, better than the forecasted drop o 34.2k. The markets will now be eagerly awaiting the chancellors budget report to be announced tomorrow