With speculation on interest rate rise the pound sterling is moving up against the euro. £1 = €1.137 on Friday September 15th, 2017.
Senior Bank of England official fuelled speculation it could raise rates in the coming months.
Gertjan Vlieghe, who is on the Bank's Monetary Policy Committee (MPC), said the "moment is approaching" when interest rates might need to go up. It comes after the Bank voted on Thursday to keep rates at 0.25%, but talked in stronger terms about a rise.
"The evolution of the data is increasingly suggesting that we are approaching the moment when Bank Rate may need to rise."
With unemployment falling to record lows, as well as signs that households are spending more and that wages are rising in the private sector.
"If these data trends of reducing slack, rising pay pressure, strengthening household spending and robust global growth continue, the appropriate time for a rise in Bank Rate might be as early as in the coming months," Mr Vlieghe said.