BRITISH POUND FIRMS AHEAD OF THIS WEEK'S BUDGET UPDATE

Sterling climbed on Monday ahead of British finance minister Rachel Reeves' spring budget update later this week and as data earlier in the day showed that business activity in the UK's huge services sector picked up this month.

The British pound rose 0.45% to $1.2973. It also gained against the euro , with the shared European currency 0.16% lower at 83.625 pence per pound.

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