sterling

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.

Pimco's Andrew Balls believes the Bank of England could be forced into more quantitative easing to avoid an appreciation of sterling.

Gilt yields have spiked following the Bank of England's inflation report, which suggested the UK will see higher inflation in the near-term.

Investec Asset Management's Paul Carr believes sterling is the most undervalued major global currency.

The new so-called 'currency vigilantes' hit sterling hard yesterday, on a day when gilt yields dropped to a new record low.

The pound has fallen to a five month low against the euro amid a rising claimant count and falling consumer confidence.