Sterling Corporation Expands Trusted Moving & Logistics Services into Life Sciences
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Pound Extends Recent Winning Streak as UK Growth Beats Estimates
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Sterling edges up to highest level since July on rate outlook
LONDON (Reuters) -The pound rose to three-week highs against the dollar on Wednesday, as investors grew increasingly convinced that U.S. interest rates are likely to fall more quickly than British ones, following a benign reading of U.S. inflation. Data on Tuesday showed U.S. consumer prices rose by an annual 2.7% in July, compared with expectations for 2.8%. An underlying measure of inflation that excludes food and energy rose more quickly than forecast, up 3.1% year-on-year, versus expectations for a rate of 3%, reflecting the increased cost of some goods and services, as tariffs started to kick in. Sterling, which has gained 8.3% this year against the dollar, was last up 0.5% at $1.3569, having hit a session peak of $1.3578, the most since July 25. The pound has risen by nearly 2.4% in August against the dollar, which, if maintained, would be the largest monthly increase since April. Money markets show traders fully expect the Federal Reserve to lower borrowing costs in September and see a strong possibility of further easing by year-end, following the CPI data. Last week's employment report showed the U.S. economy created far fewer jobs than expected between May and July, putting a September rate cut firmly on the table. In contrast, UK labour data on Tuesday showed weakness in hiring but persistent wage growth, a positive for British consumers but a headache for the Bank of England, which is juggling the risks of a slowing economy and stubborn inflation. The BoE last week cut rates, but signalled concern over the outlook for UK inflation. Traders now think the next BoE cut might only come in November. If both scenarios play out, UK rates would end the year roughly on a par with U.S. ones, around 3.7-3.8%, which, in theory, removes some of the dollar's competitive advantage against sterling. Next up for UK markets is gross domestic product data on Thursday, which economists expect to show the UK economy expanded by 0.1% in the three months to June, compared with an expansion of 0.7% in the first quarter, based on data from the Office for National Statistics. "Sterling's resilience underscores how sensitive the currency is to rate expectations. Tomorrow's flash Q2 GDP report is the next hurdle; we expect a slight uptick in quarterly growth, but any disappointment could prompt a reversal in recent gains," analysts at Monex said.
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Extreme Steel Inc. Marks One-Year Anniversary of Superior Ironworks Acquisition and Launch of New Website
WINCHESTER, Va., Aug. 12, 2025 (GLOBE NEWSWIRE) -- Extreme Steel Inc. (ESI), a leader in the structural steel industry, is proud to commemorate the one-year anniversary of ESI's acquisition of Superior Ironworks, which expanded the company's footprint across the DMV with a state-of-the-art fabrication facility in Sterling, VA. This major milestone in the continued growth of ESI is memorialized in the launch of a fully redesigned company website: which showcases the company's expanded portfolio, vertically integrated services and people-first approach to steel construction. 'This anniversary marks more than a date—it demonstrates what's possible when two teams with shared values and complementary strengths come together,' says Robert Pelham, President and CEO, ESI. 'In just twelve months, we've achieved meaningful integration, accelerated our timelines and reinforced our commitment to delivering unmatched steel solutions across the region. ESI has unified operations, integrated teams and achieved record output across a broad portfolio of commercial and institutional projects. We are truly Building American Excellence through smart, vertically integrated steel solutions.' The newly designed website features improved navigation, deeper insights into services and a renewed focus on safety, technology and client impact. 'Our new site tells a clearer story of who we are today: an integrated team focused on performance, precision, and partnership,' Pelham adds. 'We've grown, we've evolved and this platform gives our clients and partners a clear view of where we're headed next.' With four operational hubs and over 300 employees, ESI continues to set the pace for vertically integrated steel delivery in the mid-Atlantic, combining detailing, fabrication, logistics and field erection under one streamlined system. About Extreme Steel, Inc. Headquartered in Winchester, Virginia, Extreme Steel Inc. (ESI) along with its partner and recent acquisition Superior Ironworks in Sterling, VA, revolutionizes structural steel solutions with smart technologies and unmatched expertise. Building American Excellence, ESI sets and exceeds standards of excellence in the structural steel industry – with the right people, right tools and right ideas. ESI puts safety first, which accounts for a supportive, creative and professional work environment and a job done right. Visit Media: Brittany Tedesco CPR Marketing btedesco@ 201-641-1911x14Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
