Sterling soared once again against the US dollar as America’s federal reserve were discussing solutions to the on going financial crisis.  

The British Pound climbed by 0.63 of a cent to $1.4233 following a record 23-year low of $1.35 last Friday.

But the UK currency dropped against the euro to €1.0725 as anxiety appears to still remain in the country’s economy.

Sterling has been oversold in recent weeks and BNP Paribas experts argue that the pound could actually reach $1.46.

After Barclays confirmed that it did not need to resort to bailout by the UK government, the British currency started to get better.

The head  of G10 currency research at Standard Bank stated:  

“The fact that sterling is benefiting from the banking news suggests it may not be the lost cause many seem to assume it is right now.”