Sterling Hits 18-Month High as UK Consumer Spending Surprises The British pound strengthened against the dollar and euro on Friday, buoyed by better-than-expected UK retail sales data for August. This positive economic indicator, combined with steady inflation figures and the Bank of England’s cautious stance on interest rates, has contributed to sterling’s upward trend. The currency briefly touched its highest level against the dollar since March 2022, while also gaining ground against the euro. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold's Ascent Towards $3,000 READ MORE U.S. Job Surge Puts Pressure on Fed's Inflation Strategy READ MORE UBS Warns of Potential 6.5% Fed Rate Hike Amid Enduring Inflation READ MORE "I've Been Warning About THIS For a YEAR, Well Here It Is" Decoding the Banking Sector Plunge READ MORE Argentina's $5 Billion Gold Gambit: Reserves Moved for Potential Collateral READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment