The pound gained versus multiple currencies today and touched the highest rate in 2 months versus its main rival, the euro, as Bank of England officials affirmed that growth is returning to U.K.’s economic outlook and stimulus measures will be lifted on a foreseeable future.
London stocks had a very positive performance today attracting traders to bet on
The perfect combination to push up the pound rates today came with the Bank of England statements added to the inflation numbers, providing enough signals for traders to bring capital back to the British Isles, which had previous months of extreme unattractiveness. If the recuperation of British economic conditions follows, the pound is likely to reach much higher levels, specially versus the euro.
GBP/USD traded at 1.6777 as of 16:43 GMT from a previous rate of 1.6742 yesterday. EUR/GBP traded at 0.8840 from 0.8911.
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