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The value of the pound today rose to 82.7, a level not seen since early September last year, reported Reuters.
Bank of England data from 2009 showed how high the British currency had climbed, as it rose 1.2 per cent on the day to reach a price of $1.5884 against the dollar.
It also performed well against the euro, as the positive trend saw it reach a four-week peak against the single European money.
Earlier in the session, Forex trading experts claimed the stronger performance was triggered by gains in the euro, which began outperforming the dollar due to fixing-related demand, it was revealed.
Improving risk sentiment was also highlighted as an explanation for the significant ballooning in the value of the pound.
Posted by Greg Secker
