The British pound appreciated vis-à-vis the U.S. dollar today as cable tested offers around the US$ 1.6125 level and was supported around the $1.5945 level. Data released in the U.K. today saw GfK September consumer confidence improve to -16 from -25 in August. Also, service sector output fell 0.2% in the three months to July following a 0.6% decline in the three months to June. Chancellor of the Exchequer Darling discussed the government's new policies regarding bankers' pay. Bank of England Monetary Policy Committee member Miles said the central bank's asset purchase facility program is supporting spending and added the BoE's rate cuts have not been enough to offset credit tightening. Leading City economists met with the Bank of England yesterday and reported the central bank is not planning an imminent move to a Riksbank-style policy mechanism where overnight deposits would be subject to a tax in an attempt to stimulate spending. . Cable bids are cited around the US$ 1.5720 level. The euro moved higher vis-à-vis the British pound as the single currency tested offers around the ?0.9160 level and was supported around the ?0.9075 level.