Sterling gained more than 1 percent on Friday to trade above $1.33 for the first time in eleven days, as the greenback dropped sharply across the board after U.S. economic growth data came in much weaker than expected. Since plunging 14 percent within hours after Britain's shock vote to leave the European Union five weeks ago, the pound has recovered about 4 percent, proving much more resilient than most major banks had forecast. Derivatives market indications of its future value are now far more balanced. That is despite a raft of data suggesting that confidence in the economy has fallen sharply in the wake of the ... (full story)