Pound rises against dollar

The pound rose to its highest level against the US dollar in more than 12 years today, amid growing signs that the UK economy was strengthening.

Pound rises against dollar
Wed, 01 Dec, 2004 - 11:17

The pound rose to its highest level against the US dollar in more than 12 years today, amid growing signs that the UK economy was strengthening.

Sterling hit a peak of 1.9223 US dollars – its highest level since September 1992, when the UK was forced to withdraw from the Exchange Rate Mechanism.

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