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Investing.com -- Sterling traded higher on Wednesday while the euro edged up, as stronger-than-expected UK growth and a pause in the dollar’s rally ahead of U.S. inflation and jobs data supported the pound. Prime Minister Andy Burnham separately said rejoining the EU was among options to be examined.
The Pound Sterling drops some 0.38% against the US Dollar as the latter continues to appreciate, even though US Consumer Confidence deteriorated, while jobs data confirmed the strength of the US labour market. The GBP/USD trades at 1.3205, after peaking at 1.3258.
Investing.com -- The U.S. dollar remained at a two-month high on Tuesday, even as oil prices slipped and a rout in the U.S. Treasury bond market eased up somewhat. Currency market participants remained on edge, though bets for further Federal Reserve rate hikes fell on a positive remark from a central bank policymaker.