By Rob Bastin

Sterling has enjoyed another good day on the markets as data this morning confirmed that consumer prices index rose to 1.5% from 1.1% last month. GBP/CAD exchange rates were up by 0.75% at 2pm but one of the only major currencies where Sterling was losing ground was agaisnt the dollar. The pound was down by 0.15% on the day as net TIC flow figures for the US came out much better than expected. Despite this drop the pound is still trading at close to a 15 week high against the greenback.