The euro has continued to rise against the sterling on Wednesday in New York and has reached its highest level in nearly four months. The European currency rallied in the early morning and then posted sharp gains starting at around 11 a.m. and is currently at a high of 0.6844, its best level since late May.
In economic news, the U.K. claimant count declined for the 11th straight month in August, official data showed Wednesday. Investors also mulled data showing Euro zone industrial output grew by a seasonally adjusted 0.6% month-over-month in July.
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