7 years: Lucky for sterling
Sterling looks set to post its biggest gain in seven years as strong economic data saw the UK make a comeback from post-Brexit vote lows.
The UK currency is on course for a 2% gain against the dollar for the month of November and on a trade-weighted basis is up around 5%.
If sustained into the end of the month it would mark sterling’s best performance since January 2009.
The UK’s currency is expected to average $1.19 against the dollar in 2017 versus $1.25 currently.
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