Pound Rises to Seven-Week High as U.K. Services Index Surges

September 5, 2016 9:08 AM

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The pound jumped to its highest level in more than seven weeks versus the dollar as services became the latest part of the economy to show a bounce back after the Britain’s vote to leave the European Union.

Sterling advanced for a fifth day versus the euro, its longest winning run since June 21, after a report showed a gauge of U.K. services increased the most on record in August. The pound has climbed versus all except one of its 31 major counterparts in the past week after a series of reports showed ...

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