Pound hits one-month high
The pound pushed to its highest levels in over a month on Tuesday, extending gains from before the Easter weekend.
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The pound pushed to its highest levels in over a month on Tuesday, extending gains from before the Easter weekend.
The pound advanced against the euro and US dollar over the course of Wednesday and managed to retain its modest gains overnight.
Support for the pound weakened yesterday in the wake of a sharp decline in the GfK consumer confidence index.
A downward revision to the finalised UK services PMI for March left the pound on a weaker footing heading into the weekend.
The pound maintained its upward trajectory on Thursday, with the currency extending its rally into its sixth consecutive session.
The Pound moved higher on Wednesday, with the UK currency extending its rally into its fifth consecutive session and striking a two-week high.
As the Bank of England (BoE) opted to leave interest rates on hold at their official March meeting the mood towards the pound picked up.