Sterling jumped nearly 1 percent to a three-week high on Wednesday after Mark Carney, governor of the Bank of England (BoE) suggested that interest rates could rise.
The European Central Bank (ECB) is seeking statute changes to grant its governing council greater legal powers over euro clearing after Brexit.
Sterling had an annus horribilis in 2016, but so far 2017 has heralded something of a comeback.
South African president Jacob Zuma’s sacking of his finance minister Pravin Gordhan late last night saw a five percent drop in the value of the rand, the country’s currency.
The pound had an awful year in 2016.