Sterling climbs on dollar for third consecutive session

Sterling rose against the dollar in American trade away from March 19 lows, following earlier data from the US, the world's largest economy, and amid a lack thereof from Britain. 

As of 03:22 GMT, GBP/USD rose 0.32% to 1.4176 from the opening of 1.4131, with an intraday low at 1.4121, and a March 28 high at 1.4188. 

Bank of England chief economist Andy Haldane made an earlier speech about the role of central banks and societal inequality at the David Finch Public Lecture, in Melbourne, while BoE member Ian McCafferty asserted in earlier remarks on the importance of gradual hikes in interest rates.  

McCafferty said the labor market has shaken off its weakness, putting more upward pressures on wages outlook, while cautioning of still-existing uncertainty on inflation prospects and Brexit. 

McCafferty noted that the path of interest rates could be modified and reviewed as time progresses, adding that Brexit uncertainties weigh on long-term investments. 

Otherwise, earlier US data showed producer prices accelerated to 0.3% in March from 0.2% in February, beating expectations of 0.1%, while core prices accelerated as well to 0.3% from 0.2%.