The British pound reached a 5 ½-month high Thursday, the fifth day of advances for the currency since the Conservatives secured the victory in the UK election.
Sterling was bolstered by Bank of England Governor Mark Carney’s remarks earlier, who indicated the possibility of a higher interest rates, but that would depend on the economy’s revolution.
Against the US dollar, the pound ended as high as $1.5815, its firmest since late November, before going back to $1.5752.
Commerzbank said downgrades to productivity projections implied the BOE won’t be comfortable with the currency’s appreciation over the longer run.
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