British pound hits &#36;1.9562, a new high
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The sagging U.S. dollar fell Thursday to its lowest level against the British pound since 1992.
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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.
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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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The pound hit a weekly peak of 1.4756 against the euro on Friday as investors dismissed poor manufacturing figures.
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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 remained near 26-year highs against the dollar amid expectations of  further monetary tightening in the UK at the same time as housing concerns continue to dog thinking about the US economic outlook.
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Sterling rose to its highest level since July against the dollar.
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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 euro hit a new record high of $1.3336 in European trading this afternoon following publication of disappointing US consumer confidence data.
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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 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 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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Sterling remained on the backfoot against both the dollar and the euro after the publication of the minutes to the latest rate-setting meeting at the Bank of England, as the euro broke above the 1.35 dollar mark for the first time since its launch in 1999.
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LONDON : The euro hit a new record high of 1.3336 dollars in European trading following publication of disappointing US consumer confidence data.
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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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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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Business & money: Prospect of fresh rise in UK interest rates pushes sterling to $2.0006.