Friday, 12 January 2018

Pound climbs to highest level since Brexit vote



The pound has climbed to its highest level against the US dollar since the Brexit vote.
 
Sterling was up by more than a cent to reach nearly $1.37 in Friday trading. It was little changed against the euro, hovering below €1.13.
 
 
It has not been as high versus the dollar since the result of the EU referendum in June 2016 sent the pound plunging from $1.50.


That result saw sterling sliding to less than $1.20 in ensuing months before steadily gaining back ground over 2017.


The latest rise on Friday was partly attributed to a report that Spain and the Netherlands were open to a softer Brexit deal for Britain.





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