Sterling hits 22-month high versus euro edges up vs dollar

Tokyo, June 11 (BNA): Sterling hit a 22-month high versus the euro after a sharp rise the day before and was roughly unchanged against the dollar on Wednesday as investors await U.S. inflation data and the outcome of the Federal Reserve policy meeting on Wednesday.


The single currency dropped on Monday after the gains of eurosceptics in the elections for the European Parliament and France called an election, Reuters reported.


The dollar hovered near a one-month peak against the euro as traders braced for U.S. data and the Fed rates forecasts.


Sterling rose 0.25% to 84.33 pence per euro , its highest since August 2022.


It was up 0.05% at $1.2738.






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