Sterling also rises as BOE leaves rates on hold

Source: Bloomberg

The British pound surged to a four-month high against the dollar and rose against the euro in London trading after the Bank of England kept its benchmark interest rate unchanged and the European Central Bank cut its key rate.

The pound rose to $1.6535 at 1:10 p.m. in London from $1.6330 yesterday. It earlier reached $1.6555, the highest since Jan. 31. The pound gained to 71.06 pence per euro, from 72.67 late yesterday. It has dropped 8.4 percent against the euro this year, and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: