Sterling has managed to stay above the €1.20 and $1.59 figures for the day’s session so far.
Sterling’s bull run has stalled today after some better than expected employment data from the US gave the dollar a boost. The pound had its longest winning streak for 18 years as it gained against the dollar for the past nine days.
Against the euro, the pair are trading sideways as both are suffering at the hands of the greenback. The pull back comes as the market awaits the Central Bank’s rate decision which is published tomorrow at 12:45 BST. The single currency remains at a four month high, just above $1.32.
