Pound jumps against dollar on UK tax U-turn, weak US data

A week after hitting an all-time low against the US unit, sterling was up 1.1 percent at $1.1301 around 1530 GMT, for a fifth straight day

source https://www.thehindu.com/news/international/pound-jumps-against-dollar-on-uk-tax-u-turn-weak-us-data/article65967840.ece