Business · 20 August 2026
The British pound climbs to its highest dollar value in six months
The currency reached $1.3661 on Thursday after the American government stepped in to lower its own national borrowing costs. High UK inflation also helped push the price up, as traders now expect the Bank of England to increase interest rates before December. Financial markets believe a second hike of a quarter percentage point will arrive by next April.
Reported by Reuters · How we write briefs