UK economic indicators are in spring flower. Blossoming activity and sentiment combined with the belief that a rise in official interest rates remains a shadow on the horizon are helping produce a feel-good factor across Britain. Yet like past years, the fortunes for 2014 may be decided by events away from home.
Over the past month it's been more about what central bankers have said, rather than what they've done. Comments made by US Federal Reserve Chair, Janet Yellen, and interest rate forecasts produced by Fed members had markets thinking rate hikes might start earlier than expected.