23 July 2025, 13:25 United Kingdom: Sterling Climbs Toward 2-Week High.
The British pound rose to $1.354, its highest in about two weeks, as risk appetite improved following a US-Japan trade deal. The agreement includes a 15% tariff, avoiding the harsher 25% rate previously planned, and features a $550 billion investment fund for the US. President Trump called it “a great deal for everybody,” boosting global trade sentiment. In the UK, attention turns to key economic data. Flash PMIs are expected to show the mildest manufacturing contraction in six months and the strongest services growth in nearly a year. Retail sales are also projected to rebound, helped by hot weather. Meanwhile, the UK posted a
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