The British pound appreciated vis-à-vis the U.S. dollar today as cable tested offers around the US$ 2.0395 level and was supported around the $2.0210 level. The pair reached its highest level since 14 December 2007. Prime Minister Brown said people are concerned about excessive volatility in the foreign exchange markets. Cable bids are cited around the US$ 1.9910 level. The euro moved lower vis-à-vis the British pound as the single currency tested bids around the ₤0.7665 level and was capped around the ₤0.7695 level.