Sterling Bouncing Above 1.3100

The British pound bounced back to trade above 1.3100 after failing to maintain stability above this level, with pressure on the US dollar and a return to activity in riskier currencies.

The pound sterling is currently trading at 1.3128 levels, up about 0.3%, after it was trading below the 1.3100 level in earlier trading.

The dollar index, which measures the performance of the greenback against a basket of 6 major currencies, is trading at 92.9340 points, down by 0.34%.