LONDON Dec 12 Sterling hit a five-week high against the dollar on Wednesday after the number of UK unemployment claims fell unexpectedly in November.
The pound hit a high of $1.6134, its highest level since Nov. 1, before paring gains to last trade close to flat on the day at $1.6120. (Reporting by Philip Baillie, Editing by Nia Williams)
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India's economy grew faster than China's in the quarter through March, data showed on Friday, but a sharp downward revision for the previous quarter fuelled doubts about the accuracy of a new method used to measure economic activity. Read | Graphic