The pound approached a two-week high versus the euro before an industry report economists said will show a gauge of U.K. business optimism climbed to the highest level in 20 years in the three months through January.
Sterling was little changed against the dollar before a government report tomorrow analysts said will show unemployment fell toward the Bank of England’s 7 percent threshold for reviewing when to start increasing interest rates. The central bank will release minutes of its January meeting tomorrow. Andrew Haldane, the Bank of England’s executive director for financial stability, speaks in Frankfurt today.
The pound gained less than 0.1 percent to 82.44 pence per euro as of 7:43 a.m. London time after appreciating to 82.33 pence yesterday, the strongest since Jan. 9. The U.K. currency traded at $1.6445.
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