Britain's recovery picks up steam

The strengthening pound is an encouraging sign that Britain is on the mend.

The pound hit a near-three-year high against the dollar this week as reports showed that the British economy is still recovering sharply. A gauge of the manufacturing sector ticked up for the first time since November and remains close to a three-year high.

The service sector equivalent edged down marginally to 58.3, but that's still the 14th consecutive month above 50, the mark that separates expansion and contraction.

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.