Business · 2 hours ago
Pound reaches six-week high against the euro after UK economic growth improves
The economy actually grew by 0.5% between April and June, rather than the originally reported 0.4%. This stronger performance makes traders confident the Bank of England, the UK's central bank, will raise interest rates before the year finishes. The currency shift arrives just weeks before Prime Minister Andy Burnham reveals his new government's first budget in October.
Reported by Reuters · How we write briefs