sterling

Sterling has strengthened against the dollar as a report revealed UK consumer confidence increased in March from record lows, boosting the Bank of England's case for an interest rate hike.

The pound reached a 14-month high today while gilts fell, after data revealed UK inflation soared to 4.4% in February.

PIMCO's Ketish Pothalingam and Luke Spajic, discuss why the sterling credit market offers more opportunity than the euro and dollar markets.

Sterling fell against the dollar and the euro after the Bank of England downgraded its economic growth forecast for 2011.

The pound has gained against the euro ahead of Wednesday's Bank of England inflation report, which is expected to show inflation has hit over 4%, increasing pressure on the Bank to cut rates.

Dalton Strategic Partnership has introduced a sterling hedged share class to the Melchior Japan Advantage fund on an uncertain outlook for the yen.

Sterling rose to a fresh three-month high versus the dollar this morning after UK services data came in above expectations.

Sterling has surged to a three-month high against the dollar following buoyant growth figures for the construction industry.

The dollar rose against major currencies yesterday following more upbeat US economic data, while the euro took a beating after Moody's placed Spain's ‘Aa1' credit rating on review for a possible downgrade.

Sterling will be the best-perfoming major currency next year as the UK gets its "house in order", according to forecasts from Barclays.