Sterling touches one-week high against dollar

Sterling tilted higher in American trade away from November 14 lows versus the dollar, following earlier data and developments from Britain and the US. 

As of 06:13 GMT, GBP/USD rose 0.10% to 1.3253 from the opening of 1.3240, marking a June 14 high at 1.3315, and a session-low at 1.3238. 

Bank of England Governor Mark Carney stated earlier that British banks are ready to deal with an unorganized Brexit with appropriate tools. 

BoE Policy Decisions 

Bank of England voted this week to hold interest rates at 0.50% and the assets purchase program at 435 billion pounds, by a 6-3 margin, with the three voting to increase interest rates, while all nine voted to hold the assets purchase program. 

The BoE maintained its forecasts for a 1.75% growth rate for the UK economy, while noting that a cut to the assets purchase program will have to follow an interest rate hike first, at least to 1.5%, and in a gradual manner. 

Mixed US Data 

Earlier US data showed the preliminary reading for the services PMI down to 56.5 in June from 56.8 in May, beating forecasts of 54.9, while the manufacturing PMI slipped to 54.6 from 56.4, missing forecasts of 56.3.