Sterling high 'suggests rate hike'

Press Association
PA
PA

%VIRTUAL-SkimlinksPromo%Sterling climbed to a near six-year high against the US dollar today as it looked increasingly likely that the UK would take the lead on raising interest rates.

The pound rose by a cent as it pushed above the 1.70 mark before surpassing a previous high from August 2009 and reaching new levels not seen since October 2008.