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The pound jumped above $1.40 to a fresh post-Brexit high





pound jan 23
  • 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 >>>

Source:: BusinessInsider.Com

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