Market News
Sterling stays near four-month highs as UK avoids tariff tit-for-tat - REUTERS
By Lucy Raitano
March 13 (Reuters) - The British pound fell slightly against a firmer dollar on Thursday but remained close to four-month highs, bolstered by the UK's relatively measured approach to U.S. trade ructions.
The pound was last down 0.15% at $1.2941, having hit $1.299 on Wednesday, its highest level since November 7.
"It's mostly a dollar story at the moment driving markets. Cable is easing back from almost touching 1.30, moving back towards 1.29," said Francesco Pesole, FX strategist at ING of Thursday's slight GBP weakness.
