Pound hits 26-year peak
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The pound hit another 26-year peak against the dollar on Tuesday, and the euro held close to a historic high point against the US unit as dealers bet on rising interest rates in Britain and the eurozone.
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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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Inflation reached a 27-month high while figures for growth suggested that the broader economy was not yet overheating.
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The pound was solid against the euro despite mounting concerns about the state of Britain's public finances.
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The pound stayed solidly above the 1.99 dollars level and hit new multi-year highs against the yen, consolidating its strength after the minutes from the Bank of England&#39;s (BoE) last rate-setting meeting fuelled expectations for higher interest rates.
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The euro reaches a fresh record high against the US dollar, climbing above the $1.41 level.
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The dollar falls further against the euro while the pound remains at a 26-year high against the US currency.
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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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Sterling has surged to a 23-month high of 1.9336 against the dollar as sentiment in the US currency was dented by comments the from the deputy governor of the Chinese central bank.
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The pound has received a boost from higher-than-expected retail sales figures for November.
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The pound was solid on Wednesday after the release of strong wage and consumer confidence surveys.
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The pound was steady after falling earlier on Tuesday.
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The pound was firmer after the latest producer price figures out of the UK showed prices continued to rise.
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The number of homes sold in England, Wales and Northern Ireland hits its highest level since the 1980s boom.
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Sterling rose to its highest level since July against the dollar.
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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 hit a seven-day high against the dollar on Thursday as it continued to benefit from a Bank of England statement which dampened speculation that the central bank will slash interest rates in February.