Sterling jumps to 7-month high vs dollar, euro

Reuters | Dec 4, 2019 at 8:25 AM

* Graphic: World FX rates in 2019

* Graphic: Trade-weighted sterling since Brexit vote

LONDON, Dec 4 (Reuters) - The pound rallied to a seven-month high versus the U.S. dollar and the euro in early trading on Wednesday as some weakness in the greenback triggered some technical demand for the British currency.

Traders reported some option structures above $1.30 fuelling some pent up demand for the pound.