Pound up against major currencies
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The pound remained buoyed by last week's surprise quarter point rate hike to 4.75 percent from the Bank of England.
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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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The pound climbed back above 2.0 dollars in early trading on Monday, as dealers priced in a likely interest rate hike by the Bank of England (BoE) next month.
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The pound remained firm, having built up gains over the day ahead of tomorrow&#39;s release of minutes from the Bank of England&#39;s Monetary Policy Committee&#39;s last rate setting meeting.
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The pound jumped back up towards the 2.02 dollar level, adding to its strength from earlier in the day.
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The pound came off stronger against to the dollar though US home sales figures brought some cheer amid continuing worries about a slowdown in the world's biggest economy. The pound jumped to a near two-year high of 1.9490 from 1.9444 before the figures were released, and also rose to a new eight-year high of 226.46 yen.
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Business & money: City expectations of a fresh rise in interest rates this week push sterling close to highest level against US currency in more than a quarter of a century.
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The pound managed a small comeback against the US dollar on Friday after a raft of economic data helped the beleaguered British currency.
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The pound held its ground against the dollar despite strong economic data reinforced expectations that the US economy is enjoying a soft landing.
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The pound rose after news that UK producer prices rose sharply in January to levels not seen in nearly five years.
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The pound was supported by reported buying of the currency from the Middle East, which prompted what traders were active today to push it higher once it passed through the two dollar mark in early trading.
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Sterling inched up slightly against the US currency to remain above the key two-dollar threshold on Wednesday.
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The pound was higher against the dollar after the minutes of the Bank of England's (BoE) last rate setting deliberations revealed a dovish stance.
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The pound leapt to yet another 26-year pinnacle against the dollar amid US housing market concerns and the prospect of higher interest rates in Britain, dealers said Wednesday.
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The pound was solid against the euro after British retail sales data showed spending on the high street to be more resilient than expected.
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The pound shoots above $2 - close to 26-year highs - in early trade in Europe as investors price in an interest rate rise in July.
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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.