ET:Sterling hits session high against dollar on industrial output data
LONDON: Sterling rose to a session high against the dollar and the euro on Thursday on better-than-expected British industrial and manufacturing output data that led investors to pare expectations of more monetary easing by the Bank of England.
Sterling rose around 0.3 per cent to $1.5587, from $1.5557 beforehand. It last stood at $1.5580, its 100-day moving average, and not far from a near-three month high of $1.5607.
The euro slipped to a session-low of 84.475 pence from 84.665 pence beforehand and was down 0.2 per cent on the day against sterling.
