Market News
Sterling briefly gains to $1.30 against the dollar, BoE in focus - REUTERS
March 18 (Reuters) - Sterling hit a fresh 4-1/2-month high at $1.30 against the dollar on Tuesday on rising expectations the Bank of England will not cut interest rates later in the week, while the pound dropped against the euro, which was buoyed by Germany's spending plans.
The pound continued to be driven by developments in Europe and the United States. Germany was about to vote on a massive state borrowing programme to fund infrastructure and military spending, while the U.S. threat of tariffs has increased uncertainty about the global economic outlook.
