Economic news

Review: Pound touches six-week peak despite slashed growth forecast

The pound jumped to a six-week peak versus the dollar on Thursday, with investors largely shrugging off revised growth and productivity forecasts.

The British currency rose as high as $1.3337 in Asian trading, its top since Oct. 13, before sliding to trade at $1.3305.

Versus the euro, sterling dipped 0.3 percent to 89.00 pence.

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