Sterling at six weeks high versus dollar after US jobs data

LONDON: Sterling rose to a six-week high against the dollar on Friday after weaker-than-expected US jobs data suggested fiscal tightening could be hampering an economic recovery.

The pound rose 0.5 percent on the day to hit $1.5328, its strongest since Feb. 22, from around $1.5245 before the data was released.

The weaker US data will dampen expectations that the US Federal Reserve could slow its asset purchases under quantitative easing later this year.