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Pound Gains as Carney Sees No Case for QE, Confidence Improves

The pound rose against the dollar for a fourth week, the longest streak in a year, as Bank of England Governor Mark Carney said he sees no case for further stimulus measures that typically debase the currency.

Sterling strengthened versus all but one of its 16 major peers as a gauge of U.K. consumer confidence climbed to the highest in almost six years in September and house prices rose for a fifth month. Carney told the Yorkshire Post the central bank would consider expanding its bond purchases, known as quantitative easing, only if the economy faltered. U.K. government bonds advanced, posting their biggest weekly gain since March.