Sterling hit an over-one-year high against the dollar on Monday as the greenback began the week under pressure, with traders betting it might have peaked along with U.S. interest rates while keeping a wary eye on looming inflation and loans data. The pound GBP=D3 poked its head as high as $1.2668, its highest since April 2022, and was last trading a touch below that, up 0.26% on the day. The pound is in focus this week ahead of an expected Bank of England rate increase on Thursday, and has also been firming versus the euro. The European common currency was last at 87.23 pence EURGBP=D3, having dipped to 87.11 pence ... (full story)