ET:Sterling surges to 2-1/2 year high vs dollar on higher rates view Read more at: http://economictimes.indiatimes.com/articleshow/29248761.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
LONDON: Sterling hit a 2-1/2 year high against the dollar on Thursday, bolstered by growing expectations that robust economic data will lead the Bank of England to raise interest rates sooner than previously flagged.
The pound rose to $1.6615, triggering stop loss buy orders above $1.6605 - the peak it hit in early January this year - to touch its highest since mid-August 2011.
UK money markets, as highlighted by the sterling overni ..
