Sterling Near 17-Month High Against Euro on U.K. Rate-Rise Prospects
Sterling rose to its highest level in almost 17 months against the euro and a one-month high versus the dollar on Tuesday. Improved U.K. employment data strengthened the case for Bank of England rate increases; French debt concerns also lifted the currency.
Sterling climbed to its strongest level against the euro in nearly 17 months and reached a one-month peak versus the dollar on Tuesday. Better U.K. employment figures added to expectations that the Bank of England could raise interest rates. The pound also gained amid concerns over French debt…