The British currency had one of the best performances this year today as the U.K. financial sector showed evidences of recovery as corporate earnings improved.
HSBC Holdings Plc posted a significant net profit today annulling analysts forecasts that indicated a loss for this year’s first semester, making the pound to climb massively not only versus a weakened U.S. dollar, but also against the European common currency, reaching a one-month high against the latter. The pound also climbed to a nine-month high versus the greenback as the global economic recovery is weighing intensively on the dollar’s outlook.
GBP/USD traded at 1.6946 as of 21:09 GMT from yesterday’s rate of 1.6686.
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