Getty A woman displays both pounds and euros

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Sterling ended its fourth straight week of gains compared to the euro and with just three trading days left in November the currency is on target to have its best month’s performance in eight years, despite falling by half a percentage point yesterday. The pound has risen by five per cent since the start of the month, as Asian analysts raise fears over the future of the Euro. Analysts have pointed to Britain’s stable economic performance in the third quarter of 0.5 percent, which were published on Friday by the Office for National Statistics.

Getty An exchange bureau displays its rate in Paris

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The report is the first one by the ONS since the Brexit vote. Helping the figures was household spending which rose 0.7 percent and business investment up 0.9 percent. A separate report by the Confederation of British Industry indicated retail sales grew at their fastest annual rate in more than a year in November. The CBI also stated that figure was expected to continue to rise in December.

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The economy looks to be on track too with the best growth in retail sales in 14 years for October, investment rising and a stable housing market. The pound’s performance is in stark contrast to the euro which has been suffering due to growing political concerns, especially in France where Marine Le Pen, leader of the Front Nationale, received a surge in the presidential polls which knocked out Nicolas Sarkozy. Chief European economist David Owen at the investment bank Jefferies said: “There are widespread concerns from Asia about France following the US presidential election. The bottom line is that, largely because of heightened political uncertainty, the market is again starting to price-in risk, for the first time since the ECB [European Central Bank] embarked on quantitative easing in 2015.” Scotiabank UK and Eurozone economist Alan Clarke said that populist parties across the EU had been boosted by Donald Trump’s election as President in the USA.

Getty A woman counts out pounds and euros