Pound rises to 2-year high versus U.S. Dollar

The British Sterling strengthened on Monday reaching the strongest level in two years against the U.S. Dollar after the Bank of England official Andrew Bailey suggested that the country's central bank may implement measures to prevent house prices from increasing too fast. The Pound jumped 0.2% to $1.6371 as of 7:38 a.m. in London following an advance to $1.6484 on December 18, the most since August 2011.