The pound is on track for its biggest weekly increase since December. At the same time, the euro rose by 0.2% against the pound during the week, after the European Central Bank signalled that further interest rate hikes were likely

The euro reached its highest level in 15 years at 153.91 yen. At 09:00 GMT, the pound was $1,279, up less than 0.1% against the dollar, at its highest level since April. It has increased by 1.72% since Monday, the biggest weekly increase since the beginning of December. Compared to the euro, the pound sterling remained roughly stable at 85.6 pence. The pound sterling reached its highest level against the yen in eight years after the BoJ announcement, at 180.83 yen per

The yen sank to a new 15-year low against the euro on Friday. Around 11:10, the yen lost 0.52% to 154.35 yen per euro, after dropping to 154.72 yen, the lowest since September 2008. Against the dollar, the yen fell 0.49% to 140.98 yen. The BoJ has kept its short-term policy rate at its negative level of 0.1%, and will continue to buy as many Japanese government bonds (JGB) as needed to keep their ten-year yields between -0.5% and +0.5%, according to

The Indian rupee is expected to open higher on Friday, following the widespread weakness of the Dollar Index, and while a new round of US data has fuelled hopes that the US Federal Reserve may decide to be less hawkish than expected. Undeliverable futures indicate that the rupee will open at around 81.93-81.96 for the US dollar, compared to its spot close of 82,1750 in the previous session

Meanwhile, the Dollar Index hit its lowest level in five weeks on Thursday and had its worst one-day session since March 13, after the European Central Bank (ECB) announced further rate hikes. The offshore Chinese yuan has cooled to around levels of 7.13 since the lows of more than 6 and a half months reached in the previous session at