Pound holds ground against dollar
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Sterling hovered around the 1.80 dollar mark for the first time since the start of the month.
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The pound was steady, though off an earlier fresh 26-year high against the dollar as the latter bounced back on relief that Thursday afternoon&#39;s US economic news was not as bad as some had feared.
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The pound has retreated against its major rivals after the Bank of England's (BoE) decision to leave interest rates unchanged at 4.75 percent.
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The pound firmed following a slightly stronger than expected consumer confidence reading.
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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 picked up against the dollar and the yen, but remained weak against the euro, with a raft of weak data recently suggesting that the Bank of England's next interest rate move is likely to be down.
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The pound held firm against the dollar and euro on Friday after a robust wages survey indicated that the Bank of England will continue to trim interest rates as it tries to keep a grip on inflationary pressures in the British economy.
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The pound was up against dollar as the US currency ended the week on a fairly steady note despite a parlous set of US trade data.
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The pound has continued to trade within very tight ranges against the dollar.
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The pound remained strong against the dollar after the latest Hometrack survey provided further evidence that higher interest rates are taking their toll on the housing market.
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The pound has posted short-lived gains against the dollar after the weak ISM data, rising briefly above the 1.97 dollar level to reach a one week-high against the US currency before edging back down again.
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The pound remained steady against the euro and rose marginally against the dollar as US Federal Reserve chairman Ben Bernanke told the US Senate that there are significant risks that the economic slowdown could deepen.
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The pound was steady Monday after falling to a four-and-a-half-month low against the dollar of 1.9652 US dollars this morning, as investors turn their attention to Thursday's interest rate decision by the Bank of England.
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Sterling remained weak after disappointing trade data as the US Dollar held firm against major currencies.
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The pound continued to climb, boosted by data out suggesting that the Bank of England&#39;s (BoE) 125 basis point rise in interest rates in the space of a year is still yet to bite.
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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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Sterling rose against the euro and held firm against the dollar after solid retail sales figures dampened expectations that the Bank of England will cut interest rates in November.