You are here

British pound hits post-Brexit high of US$1.40

BT_20180124_CSSTERLING_3277345.jpg
Data on Friday showed speculators on the Chicago futures exchanges increased their net long sterling positions - or bets that it will rise - to the highest level in more than three years.

London

STERLING briefly popped above US$1.40 (S$1.84) on Tuesday, extending a rally since the closing days of last year on growing investor optimism about the near-term outlook for the British currency.

Protracted dollar weakness and optimism that Britain will reach a favourable

sentifi.com

Market voices on:

Powered by GET.comGetCom