The Pound Sterling touched on a new 6-week peak versus the U.S. Dollar and a 4-month peak against the single currency Euro in Asian trading today. As reported at 1:49 p.m. (JST) in Tokyo, against the U.S. Dollar the British Pound traded at a new high of $1.6422, and versus the Euro, the Pound edged up .5% to trade at 87.67 Pence. The U.K. currency benefited from the recent news that British-based Cadbury Plc and U.S.-based Kraft Foods intend to create the largest confectionary firm in the world; to that end, a $19 billion deal is currently under negotiation.