The British pound has surged to its highest value against a range of major currencies since the Brexit referendum a decade ago, according to new data. Following the decline of the US dollar after the recent midterm elections, sterling has strengthened significantly, reaching levels last seen just days before the historic EU vote. The Bank of England’s latest figures highlight the currency’s resilience amid shifting global economic conditions. Analysts are closely watching whether this trend will continue as markets react to broader financial shifts.
Ten-year high shows sterling’s strength against other currencies following fall of dollar after US midterm electionsBusiness live – latest updatesThe pound has hit its highest level since its crash in the wake of the Brexit referendum a decade ago.Data released by the Bank of England on Thursday showed that the pound reached its strongest level against a basket of other currencies since 23 June 2016 – the day of the EU vote – on Wednesday. Continue reading...
