Investing.com - The pound rose Thursday after hawkish remarks by Bank of England policy member Ian McCafferty.
Sterling was up 0.37% at $1.2931 at 05:45 ET after a high for the session of $1.2952.
McCafferty in remarks to The Times said the BoE should consider unwinding its £435 billion quantitative easing program.
McCafferty was one of three Monetary Policy Committee members that voted for a 25 basis point hike in the bank rate last month.
BoE chief economist Andy Haldane last week fueled speculation of an early rate hike.
However, Deputy Governor Ben Broadbent this week said he was not in favor of an early hike.