Sterling Rises 0.5% Against Dollar as UK GDP Grows
Sterling was up 0.5% at $1.3253, while the dollar slipped 0.15%. The move followed data showing the UK economy unexpectedly grew in August.
Sterling was on track for its largest one-day gain against the dollar since mid-August on Thursday, with the greenback weakening as data showed Britain’s economy grew unexpectedly in August. The pound was last 0.5% higher at $1.3253. The dollar slipped 0.15%.