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Business articles

Pound hits monthly highs

An unexpected surge in the first quarter CBI business optimism index helped GBP exchange rates gain across the board yesterday.

UK business sentiment recovery to extend ...

Confidence in the pound picked up yesterday as UK average weekly earnings unexpectedly held steady in the three months to November.

Euro stumbles, German growth set to hit ...

GBP exchange rates came under renewed pressure yesterday as fears of a hard Brexit scenario picked up, driven by comments from Conservative MPs.

Shock UK retail sales slump dents pound

A surprise decline in UK retail sales weighed heavily on the pound ahead of the weekend as the odds of an imminent Bank of England (BoE) interest rate

Pound slumps thanks to surge in BoE interest ...

A surprise -0.3% monthly UK growth contraction saw the pound fall sharply out of favour at the start of the week.

Pound supported by UK services data

Support for the pound picked up at the start of the week after a surprise positive revision to the UK services PMI.

Brexit speculation weighs on GBP

At the start of the week, the US dollar was able to rise to a three-week high against a Brexit-battered Pound as trade optimism increased. Beijing ann