U.K. Pound Rises as BOE’s Posen Ends Push for Further Stimulus

The pound climbed to its strongest level against the euro since 2010 and rose against the dollar after minutes showed the Bank of England’s Adam Posen ended his push for further stimulus.

Sterling appreciated 0.4 percent to 82.08 pence per euro at 9:34 a.m. London time after gaining as much as 0.5 percent to 82.05 pence, the strongest level since September 2010.

The U.K. currency rose 0.3 percent to $1.5968.

To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

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