Sterling heads for weekly gains on economic resilience
Sterling is on track for its third consecutive weekly gain against the euro and a three-week high versus the dollar. Britain reported stronger than expected August economic growth driven by the technology sector.
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GBP/USD rose to $1.3329 on Friday afternoon, hitting a three-week high and heading for a 0.66% weekly gain. The move snaps a four-week losing streak for the currency against the dollar.
