Pound Approaches 4-Week High Versus Dollar Before CBI Sales Data
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The pound approached the highest level in four weeks versus the dollar before an industry report that economists said will show U.K. retail sales increased this month.
Sterling was about 0.2 percent from a six-week high against the euro. A gauge of annual sales growth climbed to 13 from 8 in February, the Confederation of British Industry will say today, according to the median estimate of 10 analysts in a Bloomberg News survey. The Debt Management Office is scheduled to sell 1 billion pounds ($1.52 billion) of gilts maturing in 2025.