Sterling up as UK economy shows resilience

Sterling rose to a three-week high as data continued to suggest the UK economy is proving resilient to the Brexit vote.

It gained for a third day against the dollar and euro, its longest winning streak in more than a month, as a report showed consumer credit rose the fastest in almost a decade in July, while business lending also increased.

Survey evidence earlier this week suggested UK export orders had posted their best performance in two years, showing the UK currency’s decline since the June 23 vote to leave the EU is helping manufacturers.