Sterling rises versus euro
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.
In early European deals on Monday, the pound rose above the 1.58 level against the dollar for the first time since February 17 as UK stocks surged up today on HSBC results.