The British pound appreciated vis-Ã -vis the U.S. dollar today as cable tested offers around the US$ 1.4595 level and was supported around the $1.4440 level. Data released in the U.K. today saw the CBI industrial trends survey improve marginally to -57 from -58. Sterling regained some of yesterday€™s sizable sell-off following a bleaker than expected Budget statement that called for as much as ‚¤220 billion in new gilts issuance. Cable bids are cited around the US$ 1.4350 level. The euro came off vis-Ã -vis the British pound as the single currency tested bids around the ‚¤0.8925 level and was capped around the ‚¤0.9000 figure.
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