Thu, 17 Jul 2014 15:20:10 GMT
Sterling rises following decrease in unemployment figures
The Pound
reached its 22-month high against the Euro as the U.K. jobless rate
fell to the lowest since 2008, indicating the economy is ready for
higher interest rates. The Sterling rose 0.2% to 78.98 pence per
Euro. The rally followed the BoE Governor
Mark Carney's extensive plans to increase the borrowing costs.