UK think tank has the UK economy expanding by 0.3% in the three months to March and to 0.8% to April.

The upbeat start to Q2 is not a reason to start the flag waving just yet, Jonathan Porte, the director of the think tanks tell us,

Things haven’t suddenly taken off in the way the headline figure suggests. The data has improved a little but we would still describe this as a relatively slow recovery

Cable swinging back above 1.5500