Pound rises to highest level since Brexit referendum
Briefing by News4U · First published
The pound has risen to its highest overall level since the June 2016 Brexit referendum, the BBC reported, citing Bank of England figures. A trade-weighted measure against a basket of 18 major currencies reached 86.4 this week, matching the joint highest reading since the referendum; the Bank is due to confirm the calculation on Thursday. Sterling has climbed against the euro and the dollar ahead of an expected interest-rate increase. The Bank of England's nine-member Monetary Policy Committee meets Thursday, with the first rise in three years widely expected. Traders pointed to relative UK political stability, solid growth and closer ties with the European Union. [1]
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- Pound rises to its highest level since the Brexit referendum
BBC World · · Full text