Sterling climbs to highest level this week

Sterling rose on Friday for the second day in a row, capitalizing on today's thin trading, as the dollar fell against main currencies on profit-taking before the year's end.
 
GBP/USD last traded at 1.2325, up from the opening of 1.2288, with an intraday high at 1.2343, and a low at 1.22.
 
Sterling drew support from thin trading volumes and liquidity in the markets today, which helped the pound rise amid a lack of negative pressures, while settling its highest level this week.
 
Sterling's recovery comes after falling to steep lows recently, with the U.K. strong growth data failing to prop up the pound due to negative pressures on the royal currency, as the dollar hit 14-year highs.
 
Negative pressures remain on the pound due to worries of an unsafe exit from the European Union, which would hurt the British economy and impact the pound negatively against other currencies.