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Sterling on track for biggest weekly rise since December
The pound was set for its biggest weekly rise in six months on Friday after days of economic data and central bank rate decisions, and ahead of the Bank of England's monetary policy meeting next week. At 0900 GMT, the pound was at $1.279, up less than 0.1% against the dollar at around its highest level since April. It was up 1.72% since Monday, the biggest weekly increase since early December. Analysts said a range of factors have boosted the pound against the dollar this week, including data which showed British wages rising far quicker than expected, raising investors' expectations that the Bank of England will ... (full story)
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