✕
Markets

Sterling hits more than 4 month high versus dollar

Published Updated

 

The pound rose to 0.3 percent to $1.6210, its strongest since early May. Further gains would see it target the May 1 high of $1.6248 and then the 2012 peak of $1.6304 reached on April 30.

 

The pound was helped by gains against a broadly weaker yen, traders said. It rose to a four-month high of 126.74 yen.

 

Copyright Reuters, 2012