GBP/USD at 1.5480 as U.K. Consumer Confidence Declines

The pound was little changed as a report showed U.K. consumer confidence unexpectedly declined this month.

Sterling rose to the highest level in more than two months against the U.S. currency yesterday. A sentiment index published by GfK NOP Ltd. fell to minus 27 from minus 26 in March, the London-based group said in a report today. Economists had forecast no change, according to the median of 19 estimates in a Bloomberg News survey. The Debt Management Office is scheduled to sell 500 million pounds ($774 million) of inflation-linked gilts maturing in 2062 in a so-called mini tender.

The pound traded at $1.5483 at 7:52 a.m. London time, after strengthening to $1.5546 yesterday, the most since Feb. 15. Sterling was at 84.47 pence per euro, after appreciating to 83.98 pence on April 26, the strongest since Jan. 24.


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