GBP/USD Rallies Above 1.54 after BOE Comments

Sterling scaled a six-week peak early on Monday following recent hawkish-sounding comments from the Bank of England, while the other major currencies were subdued in a holiday-riddled week.

U.S. markets are shut on Monday for the Presidents’ Day holiday, while many centers in Asia will be closed later this week for the Lunar New Year holidays.

The pound climbed as far as $1.5435 in early trade, from around $1.5407 late on Friday in New York, reaching a high last seen on Jan. 2. It was last at $1.5415.

CNBC

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