The pound rose to a 10-week high against the US dollar and rallied against the euro to break out of the sideways range, as EURGBP dropping to its lowest level since May 2017.
Strong expectations of a British rates hike next month bolstered the British pound to a 11-month high, also dividends from foreign firms to the British boosted the British currency, which usually rises in April every year for 14 years.
Against the US dollar, sterling rose to 1.4295, near its highest level since the beginning of the year. Against the euro, sterling rose to 0.8626, which is the lowest for EURGBP since May 25, 2017.
The US dollar rose against the Japanese yen to a six-week high as caution over military intervention in Syria eased and Investors were expecting strong earnings from US companies.
The weakness of the Japanese yen indicates investor appetite for risk after a week of trade tensions between China and the US.
The USDJPY rose to 107.72, its highest level since late February, and US stocks rose in anticipation of strong corporate profits.
