Pound up ahead of King speech
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The pound strengthened against the US dollar ahead of a keynote speech by Bank of England governor Mervyn King.
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The pound was up against major currencies Wednesday as the sell-off on the world's stock markets eased.
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The pound staged a late rally against the euro and dollar after strong economic data and ahead of the publication of minutes from the Bank of England (BoE) policymakers.
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The pound breaches $2 - close to record highs - in early trade in Europe on expectations of a UK rate rise.
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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 was higher against the dollar after the minutes of the Bank of England's (BoE) last rate setting deliberations revealed a dovish stance.
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The pound rose early afternoon after stronger-than-expected retail sales and consumer confidence surveys this morning offset weak mortgage lending and approvals figures earlier.
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LONDON : The pound was higher against the dollar after the minutes of the Bank of England&#39;s (BoE) last rate setting deliberations revealed a dovish stance.
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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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The pound leapt to yet another 26-year pinnacle against the dollar amid US housing market concerns and the prospect of higher interest rates in Britain, dealers said Wednesday.
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The pound on Wednesday reached a fresh 26-year high against the dollar, which also fell against the euro on the eve of European interest rate decisions.
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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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Sterling strengthened after a sharper-than-expected pick up in inflation in November.
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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 Purchasing Manager&#39;s Index (PMI) in the UK on Monday did little to alter expectations, which has helped the pound sustain a move above 2 dollars.
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Business & money: Prospect of fresh rise in UK interest rates pushes sterling to $2.0006.
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Business & money: Â· Inflation fears as growth is stronger than expected Â· Manufacturers weather burden of strong pound