Pound climbs as dollar falters
The pound is continuing to enjoy a strong performance, nearing medium-term highs against the dollar.
This afternoon the dollar stood at 1.8439 to the pound, while the euro was at 1.4591 against sterling.
Capping a month-long march on the US currency, the pound took advantage of softer US performance.
A trader in Singapore told Reuters "sentiment towards the dollar is still soft", adding that further movements could yet be felt.
"It will be interesting to see what London makes of the moves when it comes in," the source said.
With some of the major multinational firms listed in the UK reporting tomorrow, there could yet be scope for further shifts in sentiment.
Tomorrow Royal Dutch Shell will release its interim results, with a recent spate of record results making it one to watch.