//
According to Reuters, sterling was up to $1.5791 by 08:56 GMT, its highest since November 25th, which was also partly aided by UK manufacturing data from last week.
Paul Robson, strategist at RBS, said: "Sterling will trade a bit better when the world is happier, as stronger global growth will allow the UK to continue improving its fiscal position."
Meanwhile, the pound also tracked euro gains this morning as the single currency was hovering above 83.34 pence, which it managed at the beginning of the month.
What's more, traders believe if the European tender hits 85.50 it might provide an opportunity to sell the euro, according to the news provider.
This comes after the single currency dropped by 0.4 per cent yesterday because investors were putting all their focus into euro zone debt issues before a meeting of European finance ministers.
Posted by Greg Secker
