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Pound up further against Euro and past 160 against US Dollar
19 April 2012

Sterling has continued its slow rise today, with the key $1.60 level against the dollar being breached this morning. Agains the Euro, 1.2250 was seen as a market rate around 9am.

The US Dollar rate has been helped by weaker than expected jobless figures, which have made the Greenback cheaper, and contrasting with the UK unemployment figures yesterday which were better than expected.

The next major UK data due out is retail sales, at 9.30am on Friday. Whether we will see good news, and more gains for the Pound, or a retraction due to weaker data, will be seen in the morning.

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