U.K. Pound Strengthens 0.2% to $1.5874 After Unemployment ReportNeal Armstrong
The pound rose against the dollar and maintained an advance versus the euro after a report showed U.K. jobless claims unexpectedly fell in December to the lowest level since June 2011.
Sterling gained 0.2 percent to $1.5874 at 9:43 a.m. London time. The U.K. currency appreciated 0.1 percent to 84.03 pence per euro.
Minutes also showed Bank of England policy makers voted 8-1 to keep their bond-purchase plan unchanged at 375 billion pounds this month.
U.K. 10-year government bonds were little changed, leaving the yield at 2.03 percent.