Sterling eyes weekly gain vs dollar in choppy markets

Sterling was on track for a weekly gain versus the dollar on Friday in choppy markets, as traders digested high U.S. political drama and a fresh splurge of bond buying by the Bank of England. Currencies seen as riskier, including the pound, have strengthened as Democratic candidate Joe Biden has gained ground on U.S. President Donald Trump in key battleground states in the race for the White House. The Bank of England on Thursday said it was increasing the size of its already huge bond-buying stimulus by a larger-than-expected 150 billion pounds ($197 billion), as it braced for more economic damage from coronavirus lockdowns.

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