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Pound Rises to Strongest Since January as U.K. Growth Quickens
The pound rose to the strongest level since January against the dollar after a government report confirmed Britain’s economic growth accelerated in the third quarter, boosting demand for U.K. assets. Sterling climbed versus all of its 16 major counterparts as the data showed investment and house building helped to offset the biggest decline in exports in more than two years. U.K. government bonds fell as demand for safer assets waned. “The report showed the strengthening of the U.K. economy is being driven by domestic factors,” said Lee Hardman, a currency strategist at Bank of Tokyo-Mitsubishi UFJ Ltd. in ... (full story)
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- pcca-matrix
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- Pip Anon
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When the facts change I change my mind, what do you do sir
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"The meek shall inherit the earth.." Yeah right, good luck with that shit..
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- Pip Anon
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When the facts change I change my mind, what do you do sir