Economics
Pound Heads for Second Weekly Gain Versus Dollar as GDP Quickens
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The pound headed for a second weekly advance versus the dollar after a government report showed U.K. economic growth accelerated to the fastest pace in more than three years in the third quarter.
Sterling was poised for a gain this week versus most of its 16 major counterparts after Bank of England Governor Mark Carney said yesterday the central bank will widen access to money-market operations. Citigroup Inc. is betting the U.K. currency will extend gains versus the dollar, the company said in a research note. U.K. government bonds were little changed.