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Sterling fails to rise with UK temperature

The sterling index has remained in a fairly narrow range despite signs of a pickup in the UK economy

It has been quite a summer for the UK.

The economy is recovering, the sun is out and, from Andy Murray winning Wimbledon, Chris Froome the Tour de France, the British Lions beating Australia at rugby and England on the way to beating Australia at cricket, as well to a new baby for the House of Windsor, the feel-good factor is riding high.

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