Business · 1 hour ago

Pound climbs to $1.3329 after strong August UK growth data

Sterling is heading for a third straight weekly gain against the euro, which fell to 84.28 pence on Wednesday, its weakest point since June 2025. Strong August growth in computer programming beat forecasts, and markets expect the Bank of England to raise interest rates on 5 November. Finance minister John Healey also promised his first budget on 29 October will offer "a bit of breathing space".

By BriefTea Editorial · 16 October 2026 at 17:53

Reported by Reuters · How we write briefs

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