Reuters - The news continues to be consistent with improving risk appetite -- we've had the increase in the JP Morgan bid for Bear Stearns and the (U.S.) existing home sales. That's helping sterling. Sterling might make a bit of headway against the dollar this week, moving back above $2, but I think there is still the concerns about the UK financial sector, the economy and the housing market so it's difficult for it to make much progress against the euro.