Economic news

Review: Pound rises to 11-month highs

The pound jumped to a 11-month peak on Wednesday, as UK manufacturing activity rose in July.

Sterling edged up to $1.3245 against the dollar after the UK manufacturing purchasing managers' index climbed to 55.1 last month.

Against the European single currency, the pound was steady at 89.41 pence.


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  • avatar-8120
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    I think pound will continue to rise tomorrow as rate hike is unlikely


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