The pound rose towards the $1.31 mark on Friday as the dollar skidded lower and traders took stock at the end of a bruising week for the British currency.
Sterling fell below $1.30 for the first time in 10 months on Thursday as the combination of weak economic data and a resurgent dollar sapped appetite for the British currency.
Enforcement Directorate has filed a charge sheet against Gujarat-based pharma firm Sterling Biotech Limited's director Rajbhushan Omprakash Dixit in a bank loan fraud case of over Rs 5,000 crore.
Sterling GBP=D3 skidded lower on Monday after British foreign minister Boris Johnson resigned, with the pound falling versus the dollar and the euro.
The pound rose to $1.3201, a five-day high, from $1.3176 before the data GBP=D3 and away from 2018 lows hit last week of $1.3050.
The British pound has suffered its worst quarter since the vote to leave the European Union in June 2016 triggered one of the biggest selloffs in the currency’s history.
Haskel pointed to persistently weak wage growth and said there could be more slack in the labour market than currently estimated.
England overcome Tunisia with a 2-1 victory in their Group G campaign opener
Sterling climbed to a five-day high on Thursday after retail sales data beat expectations in May, suggesting the British economy may be recovering from a slump in early 2018.
The euro rose to a 10-day high after officials said the European Central Bank (ECB) could wind down its stimulus program by end-2018 and that inflation was rising back to its target.