Sterling hits 6-month high vs dollar

by mani on August 4, 2010

Aug 3 (Reuters) – Sterling extended gains on Tuesday to hit a new six-month high against the dollar on optimism after robust economic data and bank earnings and reported fixing demand.

The pound rose as far as $1.5933 GBP=D4, its highest since early February.

Traders reported buying interest into the 0700 GMT fixing.

Offers stood at around $1.5950, traders said. (Reporting by London forex team)

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