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Sterling rose to 82.39 pence per euro, putting it in its strongest position since September 2010, reports Bloomberg.
It remained little changed against other rival currencies, trading at $1.5584 and 119.41 yen. Gilt prices fell but stocks rose in the build-up to a report which is expected to show positive employment data from the US.
Geoffrey Yu, a currency strategist at UBS AG in London, said sterling was benefiting from not being involved in the eurozone's sovereign debt crisis.
"The pound is underpinned by demand for sterling assets while the euro region is still a trouble spot," he added.
Europe's common currency dropped in value against the pound yesterday after positive manufacturing and construction figures from the service sector purchasing managers' index boosted confidence in the UK, Reuters noted.
Posted by Clive Arneil
