RTRS:Sterling rises to one-month high versus dollar
(Reuters) - Sterling rose to a one-month high against the dollar on Monday, helped by stronger-than expected UK manufacturing PMI data and reported corporate demand.
Sterling rose to $1.6069, its highest level since Nov 2 and the 50 percent retracement of the September 21 to mid-November fall from above $1.63 to $1.5820. Traders expected resistance around this level.
