Sterling hits 4-1/2 month high versus dollar
Sterling hit a 4-1/2 month high against the dollar on Monday on expectations the Federal Reserve's new round of economic stimulus will continue to drive down the US currency.
Sterling rose to a one-month high against the euro on Thursday and looked set to rise to its strongest in nine months as investors sold the single currency on disappointment that the ECB had not made more aggressive moves to curb the debt crisis.