Sterling heads for biggest weekly rise against euro
Sterling is on track for its largest weekly gain against the euro in months as debt concerns weigh on the single currency. Meanwhile, the pound faces ongoing pressure against the strengthening dollar following the Federal Reserve policy shift.
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GBP/USD is on track for its third consecutive weekly drop against the United States dollar, falling 0.09% to $1.3204 on Friday afternoon. The drop follows a hawkish shift by the Federal Reserve in mid-September that bolstered the dollar. Sterling is still heading for its largest weekly gain against the euro in months.
