Sterling rises for fifth straight session versus dollar

Economies.com
2018-04-12 15:32PM UTC

Sterling rose against the dollar from March 19 lows for yet another session, following earlier data from Britain and the US, while BOE Governor Mark Carney is awaited to deliver closing remarks at the Public Policy Forum's Canada growth summit, in Toronto.

 

As of 03:16 GMT, GBP/USD rose 0.39% to 1.4232 from the opening of 1.4177, with an intraday low at 1.4146, and the highest since March 27 at 1.4240. 

 

Bank of England released its Monetary Policy Meeting Accounts earlier today, while UK Prime Minister Theresa May's spokesman stated that May will convene with other government ministers to discuss potential military intervention in Syria. 

 

On another front, Brexit minister David Davis said that the situation for corporations won't change in the transition period, while pointing to good impressions about reaching a Brexit deal before the end of 2018. 

 

Davis asserted that Britain seeks to control and regulate trade matters, and not to impose tariffs, hoping to reach a final exit deal with the European Union by October. 

 

Otherwise, earlier US data showed unemployment claims fell 9 thousand to 233 thousand from 242K in the previous reading, above expectations of 231K, while import prices steadied at zero, compared to a 0.3% rise in February, and missing expectations of 0.2%. 

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