Sterling hits one-month high against dollar
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The pound hit a one-month high against the dollar as next week&#39;s predicted cut in interest rates pulled down the US currency.
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The pound hit a 12-year high against the US dollar as negative sentiment surrounded the embattled US currency.
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The US dollar climbed against the euro after some traders abandoned bets that a slowdown in growth reflected in economic reports this week would push the US currency to a one-month low.
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Sterling took a battering, falling below 1.8 against the dollar, while the euro rose above 0.684 against the pound, after a series of data suggesting that there is little, if any, scope for further interest rate hikes.
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The euro rose to a new all-time high of 1.3467 dollar in early trading in London.
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The euro surged to an all-time high of $1.2987 yesterday, putting pressure on Europe&#39;s largely export-driven economic recovery and prompting European Central Bank President Jean-Claude Trichet
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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 to a three-month high  against the sterling Monday after U.S. economic data eased  concerns that surging oil prices threatened growth,  underpinning expectations of more rises in U.S. interest rates.
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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 euro climbed to a new record high level of 1.3021 dollars as markets remained concerned by the large US current account and budget deficits.
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The euro hit a fresh all-time high against the dollar on Monday after the prospect of currency market intervention from the European Central Bank looked unlikely.
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The pound rose to three-month highs against the dollar, supported by the US rate cut talk.
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The euro rose to a new all-time high of $1.3467 in early trading in London this morning. The single currency later fell back slightly to $1.3452.
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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 dollar rose to a three-month high against the sterling Monday after U.S. economic data eased concerns that surging oil prices threatened growth, underpinning expectations of more rises in U.S. interest rates.
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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 rose against the euro and held firm against the dollar after solid retail sales figures dampened expectations that the Bank of England will cut interest rates in November.