You are here

British pound hits post-Brexit high of US$1.40

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.


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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to