Pound Approaches Eight-Month High Versus Dollar on Growth Signs

The pound climbed toward an eight-month high against the dollar before reports this week that economists said will show gross domestic product, house prices and consumer confidence all improved.

Sterling has appreciated at least 1 percent versus all 16 of its major counterparts in the past six months amid signs Britain’s economy is gaining momentum. The pound has climbed for the last three weeks against the U.S. currency as the Federal Reserve maintained stimulus measures that have debased the dollar. U.K. gilts rose before the government sells inflation-linked bonds through banks this week.