Sterling advances to highest level in two years as gilts slip

Source: Bloomberg
The British currency advanced to its two-year high against the U.S. Dollar on increasing sentiment in U.K.'s economic recovery. The Pound added 0.5% to $1.6486 as of 9:18 a.m. in London, after it rose to $1.6505, the strongest level in approximately two years. The Sterling slid 0.3% to 83.69 pence per Euro, after reaching 82.54 pence on December 2.

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