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Pound Shakes Off Economic Woes as Traders Set High Shock Bar

  • Would take ‘disastrous news’ to push sterling lower: Santander
  • Currency is up 6% this year despite underwhelming data
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Photographer: Miles Willis/Bloomberg
Updated on

Sterling is becoming immune to bad news.

The currency has rallied more than 2 percent against the dollar in the past two weeks, despite several pieces of disappointing economic data. That included gains on days when reports showed a weak pace of U.K. services growth and falling property prices.