Pound up against dollar
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The pound rose againt a weaker dollar and against the yen on Tuesday, as the markets tried to work out whether a US interest rate cut was on the cards.
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The dollar rose against the yen and the euro in London on expectations the Federal Reserve will lift interest rates tomorrow and signal it plans further increases.
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The pound gained some support Friday after manufacturing PMI data for the UK beat expectations with a rise to 54.9, from April&#39;s revised 54.1, sources said.
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The pound eased off earlier highs against the dollar but remained steady against the euro.
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Interest rate speculation drives the UK pound to its highest level against the US dollar in 26 years.
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The dollar rose modestly against most  currencies on Tuesday in thin, pre-holiday dealings but posted  larger gains against the British pound on news of a sharp  November fall in UK house prices.
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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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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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Sterling pared gains it made against the dollar in the wake of surprisingly solid retail sales figures for August.
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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 well bid after the Bank of England raised interest rates for the fifth time in less than a year to stand at 5.75 percent.
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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 jumped back up towards the 2.02 dollar level, adding to its strength from earlier in the day.
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The pound was solid against the euro after British retail sales data showed spending on the high street to be more resilient than expected.
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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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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 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.