THE embattled pound has climbed to a 10-day high against the dollar, after Bank of England Governor Sir Mervyn King wrongfooted financial markets by signalling a view that sterling's tumble had gone far enough.
Sterling, which hit its lowest levels since June 2010 earlier this week by dropping to around the $1.4830 mark, hit an intra-day high of $1.5176 during yesterday's session.
It had by 5pm fallen back to $1.5127, but was nevertheless showing a gain of 0.37 cents on the day.
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