Pound to surge as bankers admit they were mistaken about UK economy
The pound is forecast to rise sharply against the dollar after one of the analysts admitted they had been wrong to underestimate Britain's economic prospects. Sterling is currently trading close to a one-year high against the dollar at $1.26 after a boost from strengthening economic activity and a more resilient housing market.
Vasileios Gkionakis, head of European foreign
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