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News 2026-10-23 09:44 UTC

Pound Holds Near One-Month High Helped by Strong PMI Data

The pound traded just below $1.34, hovering near its strongest level in a month as investors assessed a mixed batch of economic data ahead of next week’s budget and the Bank of England’s November 5 policy meeting. Flash PMI data showed UK private-sector activity accelerated to its fastest pace since February, beating e