Pound solid against major currencies
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The pound was solid against all currencies, and up against the US dollar, after the Bank of England effectively retained its tightening bias and the Confederation of British Industry reported that factory orders are running at a 12-year high.
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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 rose early afternoon after stronger-than-expected retail sales and consumer confidence surveys this morning offset weak mortgage lending and approvals figures earlier.
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Sterling has held firm against the dollar and euro as analysts looked for future direction from several economic indicators.
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The pound rose against the dollar and was steady despite further evidence of slowing consumer credit and mortgage lending emerging in Britain, adding to the argument that interest rates have hit a peak.
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The pound was stable in early afternoon trading after weaker-than-expected retail sales data.
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The pound struck a 26-year high point against the dollar on Tuesday on expectations of further interest-rate rises in Britain.
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The pound has continued to rise against the dollar following a better-than-expected UK manufacturing survey.
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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 pound was steady despite further evidence emerging of a sharp slowdown in the British housing market.
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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 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 remained sharply higher after the Bank of England's decision to hike interest rates by 25 basis points to 4.75 percent surprised the market, which had been expecting rates to be left on hold.
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The pound was solid against the euro despite mounting concerns about the state of Britain's public finances.
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The pound remained firm but was off the series of 26-year highs posted earlier against the dollar with the US Independence Day holiday and Thursday&#39;s interest rate decisions in the euro zone and UK preventing any major movements in the currency markets.
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The pound was steady after falling earlier on Tuesday.
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The pound has continued to trade within very tight ranges against the dollar.