General · 12 June 2026
Pound set for weekly gain despite GDP dip
People using sterling saw the currency hold up even after figures showed the UK economy got smaller in April. On Friday, investors paid more attention to possible progress towards a Middle East agreement than to domestic growth data, leaving the pound on course for its best week in nearly a month. Sterling was near $1.3403 and headed for a 0.5% weekly rise.
Reported by Reuters · How we write briefs