Pound Sterling Rises as Osborne Outlines Bank of England Reforms, Japan is Setting Course for Hyperinflation

Global market Stocks firm as Cyprus worries wane, Markets more positive as fears wane of contagion from Cyprus bailout rejection and on chatter Russia will provide assistance

Pound Sterling rises as Osborne outlines Bank of England reforms, New remit to be considered when Mark Carney takes helm at Bank later this year. Speculation of near term monetary easing fades

From Tokyo we reported, Japan is setting course for hyperinflation, Price increases that result from rapid expansion of money supply can cause insidious cycle that requires creation of ever-larger amounts of new money

U.S. Stocks Wall Street shrugs off Cyprus fallout, The major US equity benchmarks opened firmly higher, setting the market on a course to snap a three-day losing streak

Company news, Countrywide shares surge on debut, Strong demand for new shares in estate agency behind high street brands including Hamptons International and Churchills fuels hopes of London market revival

FTSE 250 latest update, Budget mortgage measures boost builders, Housebuilders make the biggest contribution to a rally on the FTSE 250 after the chancellor unveils measures to boost home ownership

Meanwhile, Australia projects fall in iron ore price, Commodities forecasting agency expects average price to fall to $90 a tonne over next five years due to waning Chinese demand and a looming wave of new supply