British pound hits 17-month high vs euro

The British pound rose against the euro to its highest level in 17 months, supported by better-than-expected UK economic data and a decrease in worries about the financial situation of the British government. Meanwhile, the euro declined due to political unrest in France and rising energy prices. The pound reached 84.11 pence per euro, an increase of 0.25%, while it fell against the dollar to $1.3327, as markets await developments in interest rates and analyze the Bank of England's outlook, which warns of the impact of rising energy costs on inflation and economic growth in the United Kingdom.

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