Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Pound briefly bounces after better than expected survey data

Published 01/24/2020, 05:41 PM
Updated 01/24/2020, 05:48 PM
© Reuters.  Pound briefly bounces after better than expected survey data
UK100
-

LONDON, Jan 24 (Reuters) - The British pound extended its
gains on Friday after surveys showed that British companies are
enjoying their best month in more than a year, although the
rally was brief as a potential Bank of England interest rate cut
hangs in the balance.
Sterling rose as much as 0.3% to $1.3180 GBP=D3 before
erasing those gains. It was last flat on the day at $1.3125.
Against the euro the pound strengthened to 83.90 pence
EURGBP=D3 and was last up 0.2% to 84.12 pence.
British stocks .FTSE climbed higher after the purchasing
managers index surveys for December came in better than
economists had expected.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.