The British pound appreciated vis-à-vis the U.S. dollar today as cable tested offers around the US$ 1.4650 level and was supported around the $1.4450 level. Bank of England Monetary Policy Committee member Blanchflower reported the jobless total may grow to more than 3 million. Blanchflower also reported it is better for BoE to err on the side of too much quantitative easing because there are tools to deal with hyperinflation but less to deal with hyperdisinflation. Cable bids are cited around the US$ 1.4410 level. The euro moved lower vis-à-vis the British pound as the single currency tested bids around the ‚¤0.9285 level and was capped around the ‚¤0.9430 level.