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According to Bloomberg, sterling traded within a cent of its highest rate in more than two weeks against its US counterpart earlier today.
At 08:45 GMT, the pound stood at $1.5803 after putting on 0.2 per cent in the first session of the day.
This comes before the Bank of England and Monetary Policy Committee are due to announce today whether they have made changes to the so-called quantitative easing programme.
But in a survey involving 34 economists at the news provider, each one believes the programme will remain the same at £200 billion.
Moreover, sterling decreased by 0.2 per cent against the euro at 84.07 pence, which comes after the single currency moved down against the UK tender by 0.3 per cent yesterday afternoon, following a data announcement from the Confederation of British Industry.
Posted by Greg Secker
