FT.com / Markets – Sterling buoyed by hopes of growth

Via FT.com / Markets – Sterling buoyed by hopes of growth:

Sterling was lifted on Wednesday by UK data indicating that recovery in business activity continued, but gains were capped as investors turned cautious ahead of Friday’s US employment numbers.

”The more upbeat data has reduced the likelihood that the Bank will announce an expansion of its Asset Purchase programme, but such a move cannot be entirely ruled out,” said Daragh Maher at Calyon.