British Pound Choppy On Thursday Afternoon, Thursday, June 21, 2007 2:31:26 PM

The pound was choppy against its major counterparts in trading on Thursday afternoon in New York. The currency moved as the UK reported on its car production for the three months prior to May.

In trading against the euro, the sterling saw little direction in action on Thursday. By the mid afternoon, the currency had moved between a low of 0.6725 and a high of 0.6712. Generally, the British currency is at a four month high.

Versus the American dollar, the British currency saw little movement on Thursday afternoon. The sterling bounced between a high of 1.9934 and a low of 1.9898 as action progressed. Overall, the British currency is at a two week high.

The British currency saw choppy movement against the yen in trading on Thursday. As action moved into the mid afternoon, the currency held between a high of 246.49 and a low of 245.99. On the whole, the British pound is at a multi-year high.

U.K total car production fell 3.9% annually during three months to May. Total car output grew 4.9% compared to previous three months.

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