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17 April 2018

Pound rises to highest levels since Brexit vote

The Pound has risen to its highest level against the US Dollar since the Brexit vote.

Sterling was trading at highs of USD$1.4373 during this morning (17th April 2018), its highest level since 23rd June 2016.

Roy Kaitcer, Investment Manager, said: “The Pound has risen as investors anticipate an increase in the UK interest rate as early as next month. Meanwhile, the US Dollar has come under pressure as the US and China are caught up in a potential trade war, which shows no sign of being settled. The Pound’s strength weighed on the FTSE 100 yesterday, falling around 65 points due to its impact on large dollar-earning companies.”
 
 
 
Pound rises to highest levels since Brexit vote
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