The British Pound is trading higher this morning after it was reported that annual inflation soared to 4.0 percent in January. This rate was the highest level for more than two years. The increase was 0.3 percent higher than December’s 3.7 percent, but lower than analysts’ consensus forecast for a year-on-year rise to 4.2 percent.

GreenHouse Holdings, Inc. (OTCQB:GRHU) previously announced the signing of multiple contract awards for its Life Protection (LPI) Governmental Services Division, totaling $6 million. The recently acquired LPI subsidiary provides innovative training, support, design and construction of facilities and services to meet the needs of the U. S. Government, military, and law enforcement agencies.

The U.S. Dollar is under pressure against most major currencies this morning following a rebound in Chinese manufacturing data. The moves seem to be muted however ahead of tomorrow’s elections and Wednesday’s Federal Open Market Committee meeting.

Better economic news from the Euro Zone coupled with an improved U.S. Weekly Job Claims report helped drive traders into risky assets, boosting demand for the Canadian Dollar.

Although economic news may have underpinned the market during the New York trading session, it was a report circulating regarding the U.S. Federal Reserve that initially fueled the rally.