Pound climbs for first time in seven days as sterling soars above $1.25

The pound has climbed for the primary time in every week and has prolonged features above $1.25.

Treasury Secretary Janet Yellen’s commented on the markets, saying she’s “feeling very good” a few delicate financial touchdown for the US.

As the pound climbs, UK rents are additionally predicted to rise 25 p.c within the subsequent 4 years, in line with a report by dealer Hamptons International.

BMW will spend money on upgrading the Oxford manufacturing unit the place the Mini model was born after securing thousands and thousands in monetary help from the federal government.