The monetary unit of England climbed the most in about four weeks during the Thursday trade session after the release of stronger-than-forecast retail sales data, Bloomberg reports.
The English pound rose against 15 of its top 16 major counterparts, as strong retail sales data from last month demonstrated the regional economy is growing stronger. The currency also climbed as a result of U.S. legislators announced on Wednesday that they agreed on how to raise the debt ceiling in time to avoid a default on financial obligations and ending the three-week-long partial government shutdown. Retail sales gained 0.6 percent from August to September after slipping 0.8 percent from July to August.
During the past 180 days, the pound has climbed more than 5 percent against the world's reserve currency, emerging as the top performer of 10 monetary units the news service follows.
The pound rose 0.7 percent against the U.S. dollar on Thursday, notating the monetary unit's top climb since the middle of September.
The monetary unit's strong performance on Thursday comes in the aftermath of the currency's losses of 0.3 percent against the U.S. dollar during the Wednesday trade session, Reuters reports.
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