Sterling rises to month-high against dollar, weakens against euro
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The pound rose to a month high against the dollar, tracking the dollar's slide, but continued to weaken against the euro after this morning's Nationwide house price survey for September continued to show subdued growth.
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The pound on Wednesday reached a fresh 26-year high against the dollar, which also fell against the euro on the eve of European interest rate decisions.
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The euro yesterday reached a new record high against the dollar, renewing fears that the faltering economic recovery in mainland Europe will be choked off next year.
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Sterling was slightly firmer against the dollar after strong housing mortgage and money supply data fuelled speculation that the Bank of England (BoE) will be forced to hike its key borrowing rate.
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The pound rose sharply against the dollar despite a downbeat survey on UK manufacturing and the outlook for economic growth by the Confederation of British Industry (CBI).
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The pound breaches $2 - close to record highs - in early trade in Europe on expectations of a UK rate rise.
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Business & money: Prospect of fresh rise in UK interest rates pushes sterling to $2.0006.
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Both sterling and the euro continue to rise against the dollar, on a cut in US interest rates.
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Sterling remained solid against both the dollar and the euro -- which dipped below 0.6850 pounds -- as a week of strong data has prompted some re-evaluation of future interest rate expectations.
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The pound trades at a 26-year high against the US dollar as investors look ahead to an expected UK rate rise.
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The British pound struck a fresh 26-year high point on inflation concerns Tuesday while the euro hovered around its record peak against the dollar.
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Sterling hit a 15 year high against the yen and made gains against the dollar as interest rate values continue to support the British currency.
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The pound rose sharply against its major rivals after strong economic growth data helped it reach an eight-day high against the US currency on Friday.
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The pound gained, reaching a nine-day high against the euro and the dollar after earlier relatively hawkish comments from Bank of England Monetary Policy Committee member John Gieve.
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The pound stayed solidly above the 1.99 dollars level and hit new multi-year highs against the yen, consolidating its strength after the minutes from the Bank of England&#39;s (BoE) last rate-setting meeting fuelled expectations for higher interest rates.
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The pound was strong, reaching 10-day highs against the dollar, after another set of firm UK data strengthened expectations that the Bank of England will raise interest rates again this year, probably in November.
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The pound has risen, hitting new 10-month highs against the euro, on continued expectations that the Bank of England will raise interest rates further in November.