UK pound coins plunge into water coloured with the European Union flag colours in this illustration picture, October 26, 2017.
REUTERS/Dado Ruvic/File Photo Acquire Licensing RightsLONDON, Nov 6 (Reuters) - The pound rose on Monday, extending the previous week's rally, as a slide in U.S. bond yields continued to weigh on the dollar.
Sterling was last up 0.23% at $1.2409, trading at its highest in more than a month after posting its best weekly performance in a year last week with a rise of 2.1%.
The Bank of England also held interest rates, at a 15-year high of 5.25%, last week as it painted a gloomy picture of the UK economy.
Gross domestic product data, due on Friday, is expected to show the UK economy shrank 0.1% in the third quarter after growing 0.2% in the three months to June.
Persons:
Dado, Sterling, Francesco Pesole, Harry Robertson, Kirsten Donovan
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European Union, REUTERS, U.S, Federal Reserve, ING, Graphics Sterling, Financial, Bank of, Gross, Thomson
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U.S, American, Bank of England