Pound nears new high against dollar
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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 euro rose to a new all-time high of $1.3467 in early trading in London this morning. The single currency later fell back slightly to $1.3452.
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Sterling punched to a 14-year high against a broadly weaker dollar on Thursday, while expectations that world growth will stay strong despite a slower U.S. economy lifted global stock indexes to fresh record highs.
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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 euro hit a new high against the dollar on fears of rising oil prices and concern over the U.S. budget deficit.
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The pound breaches $2 - close to record highs - in early trade in Europe as investors price in an interest rate rise in July.
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Sterling rose to its highest level against the dollar since Black Wednesday, the day in September 1992 when the pound was forced out of the Exchange Rate Mechanism, the forerunner of the euro.
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The euro rose to a new all-time high of 1.3467 dollar in early trading in London.
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The pound has risen to a six-week high against the dollar following stronger-than-expected economic growth data.
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Business & money: Prospect of fresh rise in UK interest rates pushes sterling to $2.0006.
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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 UK pound climbs to its highest level against the US dollar in 26 years on interest rate speculation.
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NEW YORK, December 27  - The euro touched new highs against the US dollar and the Japanese yen today as any intervention by the European Commercial Bank to check the 12-nation currencyâs strength seemed unlikely.
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The UK pound climbs past the $2.10 level against the US dollar, the highest it has been in 26 years.
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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 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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Sterling hits a 14-year high against the dollar amid speculation that UK interest rates will rise in the New Year.