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The pound is gaining on the dollar

The pound is making headway against both the dollar and euro on Tuesday after two weeks of pain. Here is how sterling looks against the dollar at just after 7.10 a.m. BST (2.10 a.m. ET): And here is how the pound looks against the euro at the same time:The rally for sterling appears to be more about dollar weakness than any particular positive news for the UK economy. Kathleen Brooks, research director at City Index, says in an emailed statement this morning: "The start of the week was marked by a weaker dollar and a decline in Treasury yields.
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