Highlights:
@15:00: GBP boosted by NIESR GDP estimate
@11:35: Profit taking ahead for GBP/AUD, GBP/NZD?
@9:30: Industrial Production beats expectations

16:45: Outlook for the British pound on Wednesday the 11th of June

A busy day for sterling today with some supportive data from the ONS and NIESR. Tomorrow it's all about employment data. Find out more here.

15:05: Sterling boosted by GDP estimates

Following on from the NIESR data we see:

GBP-EUR is now unchanged on last night's close, the currency has headed back into the mid 1.17's against the euro after threatening a break into the 1.16's earlier.
GBP-USD is a quarter of a percent higher at 1.5611.
GBP-AUD is 1.18 pct higher at 1.6650.
GBP-CAD is 0.27 pct higher at 1.5921.

Please be aware that the above forex rates are from the wholesale markets - your bank will affix their own discretionary spread to the numbers. However, an independent FX provider will guarantee to undercut your bank's rate, thus delivering you more currency. Please find out more here.

15:00: NIESR GDP estimate released, sterling stronger

Earlier today we heard from RBS that 2Q would likely yield 0.5 pct growth for the UK economy.

The National Institute of Economic and Social Research (NIESR) has now told us the UK economy has grown by 0.6 pct in the three months to May, down from revised 1 pct in the three months to April.

Pound gets a boost.

12:00: RBS forecasting solid growth for UK economy in Q2

Good news on the economic front; naturally this is good news for those hoping for a stronger British pound.

RBS have released their preliminary GDP Tracker stats for the UK for Q2 2013, and it is signalling quarterly growth of 0.5 pct.

Ross Walker, RBS European Economics, says:

"A combination of favourable base effects (in industrial production but also, to a lesser extent, construction) alongside a marked rebound in a number of key surveys (notably the services PMI) underpin our 0.5% Tracker estimate.

"At this stage the Q2 Tracker estimate is heavily dependent on survey inputs and the risks are that subsequent ONS data will result in it being scaled back. Still, the breadth and depth of the improvement in the high-frequency data and surveys in Q2 leaves us more confident that, at the very least, the 0.3% pace of expansion in Q1 will be maintained."

11:35: Too far, too fast, beware a pullback in GBP/AUD and GBP/NZD

9:37: Sterling registers strong gains against the commodity currencies

The most eye catching event on currency markets at present has to be the decline of the commodity currencies. We take a look at the technical setup behind GBP-ZAR, GBP-NZD and GBP-AUD here.

9:30: Industrial Production up, Manufacturing disappoints

UK manufacturing production disappoints at -0.2 pct, nevertheless the figure is better than forecasts for -0.3 pct, while industrial production comes in a little stronger at 0.1 pct. Analysts had expected an unchanged figure.

"UK industrial production unexpectedly rose in April, boosted by increased output at oil and water companies. Manufacturing fell after gains in February and March." - Bloomberg.

9:00: The latest spot exchange rates ahead of Industrial Production and Manufacturing data

The British pound sterling (Currency:GBP) is surging higher against the Australian currency once more, but losses vs USD and EUR are being witnessed:

The pound to euro exchange rate is a quarter of a percent in the red at 1.1716.
The pound to US dollar exchange rate is 0.2 pct lower at 1.5542.
The pound to Australian dollar is a percent higher at 1.6638.

8:45: Ahead for sterling

The next big data events are up at 9:30 when the ONS give us Industrial Production figures.

What numbers should you be looking out for, find out here.

8:42: First data event of the day is a good one

Tuesday is set to offer sterling watchers more data than was the case on Monday.

Kicking off proceedings at midnight was the RICS House Price Index which beat expectations.

According to RICS the UK house price balance improved to +5% in May v +3% expected.

"Chartered surveyors polled by industry body Rics handled an average of 17.9 sales during the three months to May, the highest figure reported since January 2010. While still low by historical standards, the latest survey adds to the picture of rising activity," says Eamonn Sheridan at Forex Live.