GBP continues climb on more positive data

GBP continues climb on more positive data

GBP continues climb on more positive data

The pound has continued to make gains against the euro and US dollar on the back of positive manufacturing statistics. The data showed an increase in business optimism at the fastest pace since April 2014.

As a result, investors adopted an even more bullish stance to sterling, generating more enthusiasm, even as next week’s expectations of an interest rate cut by the Bank of England still looms large. 

 
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