The pound jumped above $1.40 to a fresh post-Brexit high
|01/23/2018||Posted by BusinessMediaguide.Com under General World News||
- Sterling climbs above the psychologically significant 1.40 level against the dollar overnight.
- During early trading in Europe, sterling drops back to around $1.3950.
- The pound has rallied aggressively during 2018, and is the best performing G10 currency over the past six months.
LONDON — The pound moved to its highest level against the dollar since Britain voted to leave the European Union in June 2016 overnight, climbing above the psychologically significant level of $1.40 in the process.
By just after 8.15 a.m. GMT (3.15 a.m. ET) sterling has pulled back from those gains to trade at around $1.3950, a fall of roughly 0.3% read more >>>