Pound Advances on U.K. economy recovery

Source: Bloomberg
© RS
The U.K. currency advanced for the first within five days versus the Dollar on speculation the U.K. economy continues recover even when retail sales weakened in January. The Pound Sterling strengthened against all of its 16 major peers and gained 0.1% to $1.6671 at 11.45 a.m. in London after falling 0.6% in the preceding four days. The Pound appreciated 0.2% to 82.24 pence against the Euro after reaching to 81.58 pence on February 17, the highest level since January 2013.
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