Sterling rallies, breaks through stop-loss levels

LONDON, Oct 17 (Reuters) - Sterling spiked up against the dollar on Wednesday, adding half a cent to hit session highs, with traders saying the move was accelerated by the pair going through stop-loss levels.

Selling interest in euro/sterling was also helping the pound move higher ahead of minutes from this month's Bank of England meeting and UK jobs data at 0830 GMT.

By 0758 GMT, sterling was up 0.2 percent at $2.0361 , while the euro was down 0.1 percent at 69.66 pence .

"We've gone through some stops at $2.0300, and then again at $2.0340," said a trader at a UK bank.

With European equity markets moving into the black <.FTEU3> and risk aversion abating, the high-yielding sterling also benefitted from a renewed interest in carry trades.

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