The pound has risen to its highest point above the dollar in almost six months, another indicator, slight as it may be, that the worst may be behind us.
The pound has risen above $1.60 for the first time since last November. It hit its lowest level for more than 20 years in January at $1.36.

The strengthening of the pound is seen as a sign that investors, who recently have avoided the pound for the relative security of the dollar, may be ready to start investing again, marking the end of the worst of the recession.