Pound set for biggest weekly gain in two months

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Pound set for biggest weekly gain in two months
 © In-Cyprus 2020

Sterling held on to most of its overnight gains on Friday and was set for its biggest weekly rise in two months, as investors ramped up expectations the new British finance minister would unveil a more expansionary budget next month.

With growth weak in Britain, many economists and investors want to see the  UK  expand fiscal spending to help weather the impact of Britain’s departure from the European Union at the end of last month.

On Thursday, Prime Minister Boris Johnson forced the resignation of finance minister Sajid Javid after the latter refused to sack his advisers.

He was...


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Pound set for biggest weekly gain in two months


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