Sterling hit a seven-month high against the dollar in Asian hours on Monday supported by economic data that showed the British economy was performing better than feared and that also drove expectations of more interest rate increases. The pound hit $1.24475 in early trading on Monday, its highest level since June 10, 2022. Moves were exacerbated by thin liquidity due to the Lunar New Year holidays in major financial centres such as Hong Kong and Singapore.
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