Sterling was within 0.2 pence of a 20-month high versus the euro. Net borrowing excluding support for banks rose to 16 billion pounds ($25.8 billion) from 15.2 billion pounds last month, according to the median estimate in a Bloomberg survey. The U.K. publishes growth figures for the first quarter tomorrow. Gilts declined.
The pound climbed 0.1 percent to $1.6151 at 9:08 a.m. London time. It touched $1.6155, the most since Oct. 31. Sterling was little changed at 81.62 pence per euro. It appreciated to 81.48 pence yesterday, the strongest level since Aug. 23, 2010.
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