Dollar Climbs Against Pound

The dollar ended mostly lower Thursday for the first time in more than a week but surged to a 10-month high against the pound after Britain’s central bank signaled it’s finished raising interest rates for now.

“The run of overvalued sterling is over,” said Andrew Hodge, a currency strategist at Bank Brussels Lambert in New York.

The pound has been rising most of this year on the strength of Britain’s economy, which has expanded while the rest of Europe has struggled, leading to a series of interest rate increases by the Bank of England.

Exchange Currency in Dollars Dollar in foreign currency Canada .7206 1.3878 France .1587 6.3000 Germany .5352 1.8683 Great Britain 1.5893 .6292 Italy .000549 1823.00 Japan .008442 118.45 Mexico .128123 7.8050