Great Britain Pound: Pound Sterling (1.5125) opens higher on Monday after a report in the US on Friday night showed fewer jobs were lost than expected spurring demand for riskier assets and higher-yielding currencies. The pound was little-changed during the local session after UK producer prices rose in February as higher commodity prices sustained inflation, which is currently running above the governments 3 per cent ceiling. The pound has slumped this year on budget deficit concerns. Meanwhile, the pound opens lower against both the Australian Dollar (1.6660) and the New Zealand Dollar (2.1690).
- I expect a range today in the GBP/NZD rate of 2.1620 to 2.1750
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