Market News
Sterling struggles to regain steam against dollar - REUTERS
Dec 23 (Reuters) - Sterling looked lacklustre against the dollar on Monday as a survey reported a decline in domestic UK business confidence and traders digested a recent Federal Reserve-induced rally in the greenback.
British business confidence fell to its lowest level of 2024 in December, although employers were a bit more optimistic about the wider economy, according to a survey published on Monday.
GDP figures on Monday also showed that the British economy flat-lined in the third quarter of the year, revised down from an earlier estimate of 0.1% growth.
