Economy · Market move
Pound Slides Even as UK Growth Beats Forecasts
Sterling stayed near $1.326 and is down about 1.4% in three days, while the FTSE 100 edged higher.
Kunkafa News · Published · 2 min read
By Kareem FaridDiscuss with the author on X
Key points
- The pound traded near $1.3260, down about 1.4% over three days.
- The FTSE 100 rose 0.4% to 10,873.30 by midday.
Sterling stayed under pressure despite upbeat growth and industrial output data, FXStreet reported. A stronger dollar, lifted by bets on more US rate rises, kept the pound near $1.3260.
London shares fared better: the FTSE 100 was up 37.83 points at 10,873.30 at midday, according to MarketScreener.
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British pound - Dollar
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