The pound rose against the euro today (August 19th), but the gains were muted compared to its gains against the dollar.
Reuters reports the euro was at 82.28p on trading platforms, down 0.15 per cent for the day.
"The pound's response is probably exaggerated because the euro was strengthening simultaneously versus the dollar" Steve Englander of Citi wrote in a note.
He added "the euro/pound reaction may be a little on the underwhelming side" due to the news.
The news source states sterling was weaker against the yen, down 0.2 per cent for the day at 132.84 yen.
Meanwhile, the yen was broadly firmer, rising to 15-year highs against the US dollar, lifted by narrowing rate differentials between US and Japanese government bond yields.
Sterling left speculators wrongfooted earlier today to rise to a day's high of $1.5647, with some traders reporting offers were seen around the $1.5670 mark.
