Pound Advances Versus Euro After Economic Growth Revised Higher

The pound rose versus the euro and headed for a sixth monthly advance after economic-growth data were revised higher. That stoked speculation the Bank of England will tighten policy as its European counterpart adds stimulus.

Sterling dropped against the dollar after a report showed Britain’s current-account deficit deteriorated in the three months through June. The U.K. economy grew faster than estimated in the second quarter, extending a recovery from a recession that was not as severe as previously thought. A separate report showed euro-area inflation slowed in September. U.K. government bonds fell before a sale of bonds due in 2027.