Sterling has risen to its highest level against the dollar since April 2022, boosted by strong economic data that has added pressure on the Bank of England to keep raising interest rates.
The pound climbed as much as 0.8 per cent on Wednesday to $1.2698, helped by a broad retreat for the dollar as markets expected the US Federal Reserve to pause its tightening.
The UK currency also rose 0.16 per cent against the euro to €1.1705, its highest level since August last year, before retreating to €1.1693.
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