Business · 14 August 2026
Pound climbs against dollar and euro after UK economy grows 0.3%
The currency hit $1.3521 on Friday as quiet markets encourage investors to target Britain's higher borrowing costs. Official figures revealed a 0.3% expansion over June, keeping the nation on course to outpace other G7 economies during the first six months of 2026. Lee Hardman, an analyst at MUFG, said Britain is coping better than expected with energy price spikes caused by US-Iran tensions.
Reported by Reuters · How we write briefs