General · 18 May 2026
Pound Climbs Back To $1.338 After Drop
Currency traders saw sterling recover after heavy losses last week linked to worries about future government spending plans. The pound gained more than half a cent against the US dollar on Monday as markets reacted to Andy Burnham backing current fiscal rules. Sterling had dropped by more than three cents last week, its biggest weekly fall since late 2024.
Reported by The Guardian · How we write briefs