POUND sterling has achieved its longest winning streak against the US dollar since 2014, and is on track for a fifth consecutive week of gains.
Pound reaches post-Brexit HIGH against dollar
So the doom and gloom of a President Trump and Brexit workd seems to be becomming a distant memory. Remain voters must be fuming! All the “Expert” predictions was the economys would fold under the new regimes BU
The British pound has hit a post-Brexit record-high against the US dollar as optimism surrounding the Brexit talks continues to boost British markets.
According to David Riley, head of credit strategy at BlueBay Asset Management the pound has been buoyed by a combination of US weakness and positive signs around a Brexit deal.
The British pound has hit a post-Brexit record-high against the US dollar
Sterling has climbed more than five percent against the dollar over the past two months, which is the longest ‘winning streak’ since mid-2014.
The British Pound remains the best performing G10 currency this week despite a a steeper-than-expected fall in UK retail sales last month.
The resilience of the sterling has even prompted EU lawkmakers to apparently backtrack on plans to lure London-based banks and businesses to Paris and Frankfurt.
The improved outlook for Brexit discussions means sterling had been able to anchor itself to the domestic economy, which is proving stronger than experts predicted.