Sterling was alone among major currencies in resisting a resurgent dollar on Wednesday, pointing to growing expectations that the Bank of England will follow swiftly on the heels of any rise in U.S. interest rates, Reuters reported. Atlanta Federal Reserve chief Dennis Lockhart bolstered bets on Tuesday that the U.S. central bank might move on rates as early as September, sending sterling around 1 cent lower against the dollar. But with momentum also building for a rate hike in Britain, the pound recovered around half of that loss on Wednesday and was just over 0.1 percent higher on the day at $1.5581. It gained a third of a percent to hit a 2-week high of 69.65 pence per euro.
