Sterling hits 17-month high against euro
Sterling reached a fresh 17-month high against the euro on Friday, driven by stronger than expected UK business activity data. The rise comes despite mixed signals as British consumer confidence plunged and retail sales slowed in September.
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EUR/GBP touched a 17-month low on Friday as preliminary UK data signaled resilient economic activity. The currency pair slipped to 83.70 pence, heading toward its fourth consecutive weekly gain.
