Quotes from Western Union:
- Sterling hopped above $1.55 in overnight trade, its strongest in nearly eight weeks. Having started February under $1.51, sterling has enjoyed a buoyant month as Britain's economy has been a standout in an otherwise stagnant European economy.
- The guessing game and uncertainty that has flared over when the Fed might boost rates has helped facilitate sterling's move higher. But as resiliently as the pound has fared recently, it may not have a firm grip on its gains with political uncertainty seen in the not too distant future when Brits go to the polls in May.
