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Sterling surges towards $1.25 after BoE statement
Shoaib Ur Rehman
03 Nov, 2016
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Copyright Reuters, 2016
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![](https://i.brecorder.com/images/2016/11/sterling-pound-nov.jpg">LONDON: Sterling jumped 1.5 percent to a four-week high on Thursday as UK government bond yields shot up, after the Bank of England scrapped plans to cut interest rates and said the chances of a rate hike had risen. </P><P>The pound reached $1.2488 after the BoE's inflation report, its strongest since Oct. 7 - the day a )
