The British pound gained some momentum on Thursday, which has been trading in a market seeking new direction following six months of political and economic woes.
Some analysts stipulated sterling had insufficient hints in an annual speech by Bank of England Governor Mark Carney on the timing of interest rate hikes.
Carney, speaking at Mansion House to the City of London, focused on toppling market abuse, but did not comment on monetary policy.
Against the US dollar, the pound closed at $1.5498. The currency ended at 72.57 pence per euro.
Pound has moved around slightly. Some people are “unwinding long bets on the euro and that has given the pound some support,” according to a trader with a London-based international bank.
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