Economic news

Review: Pound remains stable after London terror attack

Sterling remained firm on Thursday amid the recent terror attack in London, on Westminster Bridge.

Having slumped as much as 0.4 percent after news of the deadly attack in London, sterling remained stable overnight and then inched up above $1.25 after UK retail sales rose 1.4 percent in February.

The history of terror attacks, including those in Europe last year as well those in London and Madrid more than a decade ago, show moderate durable influence on economic certainty in financial markets.


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