Pound’s trade-weighted index reaches highest level since Brexit vote
The Bank of England measure hit its strongest level since June 2016 on 4 November, with reports citing both UK economic conditions and a weaker US dollar.
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The latest NewsJaws reporting on UK economy: developments, background and what happens next, with every source linked.
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The Bank of England measure hit its strongest level since June 2016 on 4 November, with reports citing both UK economic conditions and a weaker US dollar.
The rise was smaller than July’s 0.4% increase but beat economists’ forecast of a contraction, as the chancellor prepares a Budget amid pressure on household finances.
The Office for National Statistics raised its April–June growth estimate from 0.4% to 0.5%. A separate Bank of England assessment warned that financial risks have increased...