Sterling holds ground against rivals on eve of BoE meeting
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The pound held firm against the dollar after it was dented by surprising falls in industrial and manufacturing production.
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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 inched up slightly against the US currency to remain above the key two-dollar threshold on Wednesday.
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The pound steadied after weakening a touch following the minutes of the Bank of England's last rate setting deliberations which revealed a split vote in favour of a rate hike earlier this month.
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Sterling inched up against the dollar Thursday as fresh economic data decreased the likelihood that the Bank of England will cut interest rates in the coming months.
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The pound was boosted against the dollar after the preliminary estimate for the GDP was left unchanged, suggesting that growth in the economy remains robust.
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The pound stabilised after earlier losses following China&#39;s tax hike and the release of a survey showing inflation expectations remaining steady despite the rise in CPI inflation.
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Sterling remained solid against both the dollar and the euro -- which dipped below 0.6850 pounds -- as a week of strong data has prompted some re-evaluation of future interest rate expectations.
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Sterling lost ground against the dollar and the euro as investors readied themselves for an expected BoE interest rate cut next week and the promise of slower economic growth.
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The pound edged up against the dollar but dipped against the euro as market players awaited a speech at 5.30 pm on Monday by the arch dove on the Bank of England's Monetary Policy Committee, David Blanchflower.
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Sterling bulked up some by the end of the session. Earlier the pound had been on the backfoot after softer than expected inflation numbers for August cemented expectations that the Bank of England's rate-setting Monetary Policy Committee may not raise the cost of borrowing too much further from its current 4.75 percent.
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The pound continued to be supported by mounting expectations that the Bank of England will not raise interest rates any time soon, in light of stronger than expected fourth quarter GDP growth, a seemingly steadier housing market and emerging pipeline price pressures.
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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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Sterling has continued to outperform the dollar as economic data suggested that the Bank of England's (BoE) interest rate hikes have failed to deter homebuyers.
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Sterling rose slightly after data out this morning suggested that inflationary pressures are building up.
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The pound firmed Tuesday as an upbeat speech from Bank of England rate setter Kate Barker and the recovery in global equity markets offset a weak UK manufacturing survey.
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Sterling rose against the dollar but remained little changed on the euro, with the day's data passing by quietly.