The British pound was a touch softer against the dollar on Wednesday but was still heading for its biggest annual rise in ...

Excessive government spending is hurting the pound against the dollar. Price caps and record high inflation is also a factor for a weak pound. The U.S. dollar is rallying as investors seek a safe ...

The pound hits $1.35, its highest level since the start of October, while the FTSE 100 and gilts hold steady.

The pound headed for its biggest one-day drop in a month after UK inflation came in softer than expected, boosting bets that the Bank of England will have to deliver more interest rate cuts next year.

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. As the UK woke up on Monday September 26, £1 was worth just $1.035, the closest that the pound and dollar had ...