Market News
Sterling steady near $1.37 as eyes turn to BOE announcement - REUTERS
Summary
- BoE expected to hold interest rate at 3.75% this week
- UK inflation highest among G7 peers
- UK manufacturing activity strongest since August 2024
LONDON, Feb 2 (Reuters) - The pound held steady against the dollar on Monday near a multi-year high hit last week as attention focused on a Bank of England policy announcement on Thursday.
Sterling was last up less than 0.1% versus the dollar at $1.3696. It hit $1.3867 last week, its highest since September 2021, but retreated on Friday as the U.S. currency strengthened after U.S. President Donald Trump nominated Kevin Warsh to lead the Federal Reserve.
Against the euro, the pound was little changed at 86.61 pence.
