Business · 17 August 2026
Pound climbs to $1.3560 against the dollar before new UK economic data
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The British currency has now strung together three consecutive weeks of growth, partly driven by surprisingly strong economic performance in June. Traders expect the Bank of England, the central bank, to raise interest rates at least once more before the year ends. Despite this rally, a Monday survey revealed that employer confidence is still sitting near its lowest point since the global lockdowns.
Reported by Reuters · How we write briefs