Business · 12 August 2026

Pound holds near one-month high, but new data could shift rates

The currency settled around $1.35 on Wednesday, just shy of the peak it reached earlier this week. Investors are waiting for fresh figures from both sides of the Atlantic to see what central banks will do about interest rates. Prime Minister Andy Burnham also warned that Britain faces tough financial times ahead of the October budget.

By BriefTea Editorial · 12 August 2026 at 12:37

Reported by Reuters · How we write briefs

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