Market News
Sterling rises against the euro, hits 5-week high vs dolla - REUTERS
Dec 3 (Reuters) - Sterling rose against the euro after two straight declines on Wednesday as investors weighed diverging rate outlooks with the single currency bloc against expectations of a stronger UK economy.
The pound also hit a 5-week high versus a weakening dollar as markets remained focused on the Federal Reserve easing path.
With Britain's growth outpacing earlier forecasts, as the OECD said on Tuesday, the Bank of England could slow its monetary easing path, a move that would support the pound.
