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


The pound has climbed for the first time in a week and extended gains above $1.25.

Treasury Secretary Janet Yellen commented on the markets, saying she is “feeling very good” about a soft economic landing for the US.

As the pound rises, UK rents are expected to rise by 25 per cent over the next four years, according to a report by broker Hamptons International.

BMW will invest in upgrading the Oxford factory where the Mini brand was born after receiving millions in financial support from the government.

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