British pound reaches a five-week high against the euro

© scanpix/AP

The British pound reached a five-week high versus the Euro as report might show the U.K. services industry grew. The currency advanced for the fourth consecutive day on expectations for the upcoming two-day meeting of BOE to decide in favor of adding more monetary stimulus. Sterling surged 0.1% to 79.78 pence per euro, exceeding its previous high of 79.86 pence on Oct.2.