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Anxiety Eased
World Economy

Anxiety Eased

Easing anxiety over Britain’s potential exit from the European Union may be complemented next week by signs of a stronger UK economy, supporting the pound further after its best week since 2009 against the dollar, Bloomberg reported. Britain’s currency recovered from its steepest weekly decline versus the greenback in more than seven years as a report Friday showed wage-growth in the US unexpectedly fell last month, fueling doubts that the Federal Reserve will raise interest rates anytime soon. A gauge of pound volatility versus the dollar this week retreated from its highest since 2011. Reports on March 9 will show UK industrial production and manufacturing rebounded in January, according to Bloomberg surveys of economists.

 

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