The English pound pushed to its four-year peak against the world's reserve currency on Thursday after economic data indicated manufacturing production climbed more than forecast last month, according to Bloomberg.
The currency of the U.K. marked its sixth consecutive day of gains against its cross-Atlantic rival, propelled also by data noting the acceleration of house-price growth in April. Bonds issued by the regional government were minimally changed.
"It's another strong data point," head of foreign-exchange strategy John Hardy with Saxo Bank A/S in Copenhagen told the news source on Thursday about the manufacturing data. "We saw a breakout yesterday where sterling closed above those highest levels, finally getting clear of the $1.6820 area, so it's open fields from here."
Sterling pushed up 0.2 percent against the greenback after having touched its top value since August 2009 against its rival currency. During the past five-day period, the pound has climbed 0.5 percent.
The Guardian reports the Bank of England is set to oversee eight regional banks endure a stress test as a method of determining their strength during trying times and pressures.
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