Figures from the Society of Motor Manufacturers and Traders showed that UK car production reached 120, 000 cars last month, up 22% from a year earlier.

BBC: Retail sales rise points to stronger UK economy

With the uncertain fundamental messages coming out of both the US and the UK traders are likely to continue to gravitate toward the levels they are familiar with.

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On Friday, figures from the Society of Motor Manufacturers and Traders showed new car sales in the UK were down 23% from a year ago.

BBC: Mini production stops for a month

He hoped that the Irish government would work at the same pace as the UK government in implementing the changes, to cover traders and travel companies based in the Irish Republic.

BBC: Excessive card surcharges will be banned, says Treasury

Even though ex-UK PM Gordon Brown (Labor) first pushed for an FTT in the EU and G-20 a few years back, a new Tory-PM Cameron-led UK is dead set against FTT and bashing banks and traders.

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As we move toward the later part of the US trading day, it would not be a surprise to see the price action in this pair settle down as traders start looking forward to some very important economic announcements out of the UK tomorrow.

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He backed the UK's recent ban on short-selling - in which traders bet on share prices falling - and said Britain and other governments "should not lose their nerve as they look to identify a few more targets".

BBC: Archbishops attack City practices

But there are reports that some firms have ordered their bond traders to start work at 1am on Friday, given the unclear outcome of the UK general election the previous day.

BBC: Bond market shaken, not stirred - the life of a trader

However, a report out of the UK showing that money supply is barely moving and a weak bond auction in Italy has put traders back into uncertainty mode.

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