PM May's exit strategy holds up pound but political risks loom large
Sterling's recent recovery belies its vulnerability as current account deficit widens, sentiment swings
Add BT as a preferred source
London
THE POUND may have rallied the most since the 1990s after Prime Minister Theresa May promised a parliamentary vote on taking the UK out of the European Union, but the currency isn't out of the woods yet.
Sterling strengthened against all major counterparts on Tuesday after Ms May pledged to quit the single market and instead seek a customs agreement with the bloc to deliver "a smooth and orderly Brexit".
TRENDING NOW
Ex-Sakae director Ong Siew Kwee handed 10.5-year jail term for misappropriating S$15.8 million, lying in court
UOB CEO’s youngest child Grant Wee turns burnout into a wellness business
Yeoh Pei Xien: YTL’s third-gen scion with a pastor’s heart
DBS sees choppy Q3 for STI as investors pivot from Singapore banks to listcos that’re unlocking value
