Economic news

Pound touches four-and-a-half-month peak vs euro on robust manufacturing

The pound leaped to a 4-1/2 month peak versus the euro on Wednesday amid impressive figures from British manufacturers, strengthening anticipations that the Bank of England will increase interest rates on Thursday.

Sterling rose 0.3 percent to 87.49 pence against the single currency.

The pound also increased versus the greenback, touching a two-week peak of $1.3321.

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