Pound Extends Recent Winning Streak as UK Growth Beats Estimates

The pound extended its recent outperformance versus major peers as UK growth data came in stronger than expected.

Sterling rose 0.1% to $1.3592 on Thursday, its strongest level since July 10, before erasing the advance. The UK currency has outperformed all Group-of-10 peers over the past week and is on track for a sixth straight gain versus the euro, its longest winning streak in three months.