The pound has been bolstered by improving data on the UK economy
The pound has jumped against the dollar after Bank of England governor Mark Carney said that he saw no need for further quantitative easing (QE).
Under QE, the bank has added £375bn to the economy by buying financial assets.
In an interview with the Yorkshire Post, Mr Carney said the Bank would consider the case for raising that spending, if the recovery faltered.
But in his view, the recovery had "strengthened and broadened" and he did not support the case for more QE.
Those comments boosted the pound. It hit 1.6121 against the dollar in early trading before falling back to trade half a cent higher at $1.6098.
In the interview with the Yorkshire Post, Mr Carney said: "The advanced economies as a whole are doing a bit better. That's going to help the UK as a whole. These are more traditional export markets, so that matters.
"Within the UK, we are probably leading the pack of the major advanced economies as we speak right now."
The pound has been strengthened by recent positive data on the UK economy.
Source: BBC News - Business http://www.bbc.co.uk/news/business-24295286#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
