31.07.201404:44:25UTC+00Pound stabilizes at 1 1/2 month lows

The British pound sterling was steady at one-and-a-half month lows versus a stronger US dollar Wednesday in spite of growing confidence in the US recuperation.

The sterling traded at 1.6937, sliding 0.04%, the weakest level since June 18. Also, the currency was almost unchanged versus the euro at 0.7911, above the 22-month lows of 0.7873 hit Wednesday.

Investors will now await the US nonfarm payrolls report for July to be released Friday.

The greenback attracted an additional boost in recent sessions as economic data signalled the economic recovery was gaining traction. Meanwhile, the Commerce Board showed that U.S. consumer confidence climbed to the highest in seven years this month.