Dollar's fragility helps sterling climb
The pound enjoyed a solid start to the post-Easter period, climbing against the dollar.
This afternoon the dollar was at 1.7770 against the pound, while the euro stood at 1.4462 against sterling.
The move was largely fuelled by disappointing inflation data from the US which undercut the dollar.
Analysts were also turning their attention to the Federal Reserve's plans for setting the interest rate.
Audrey Childe-Freeman, an economist with CIBC World Markets, told Reuters that the minutes of the latest meeting would be crucial this week.
"It seems that the U.S. interest rate debate is very much at the centre of the FX market. The dollar will also be nervous ahead of the Fed minutes later," she said.