BLBG: U.K. Pound Rises Versus Dollar, Reaching $1.67 For First Time Since 2009
The pound advanced against the dollar even as data showed U.K. consumer confidence fell to the weakest level in two years, as the U.S. currency slumped.
Sterling snapped a four-day decline versus the euro. The GfK NOP Ltd. index of sentiment dropped to minus 31 in April from minus 28 in March, the London-based research group said today.
The pound gained 0.5 percent to $1.6716 as of 6:44 a.m. in London, and traded at 88.84 pence per euro, from 88.94 pence yesterday in New York. The British currency was little changed at 136.632 yen.
The U.K. Debt Management Office plans to auction 4.5 billion pounds of 28-, 90- and 181-day Treasury bills.
To contact the reporter on this story: Lucy Meakin in London at lmeakin1@bloomberg.net.
To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net.
