Thu, 07 Nov 2013 17:41:05 GMT
Britain's currency jumped to 9-month high against Euro on ECB unexpected low interest-rate policy
The Pound advanced 0.8% to 83.33 pence per Euro as of 4:37 p.m. in London, after reaching 83.01, the highest level since January 17, after ECB decided to boost Eurozone's economic expansion by reducing the benchmark interest rate to record low 0.25%. Meanwhile, the Sterling weakened against greenback after the U.S. data showed higher economic expansion in Q3 than previously