General · 12 June 2026

Pound set for weekly gain despite GDP dip

People using sterling saw the currency hold up even after figures showed the UK economy got smaller in April. On Friday, investors paid more attention to possible progress towards a Middle East agreement than to domestic growth data, leaving the pound on course for its best week in nearly a month. Sterling was near $1.3403 and headed for a 0.5% weekly rise.

By BriefTea Editorial · 12 June 2026 at 13:26

Reported by Reuters · How we write briefs

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