Pound Sterling all-time high since Brexit vote

The Pound Sterling has climbed to its highest level since Britain’s vote to leave the European Union in June 2016. Sterling also has been boosted by expectations that the Bank of England will raise the interest rates, in the wake of Dollar weakness after uncertainty about US trade policy. The Pound, which sank to $1.2068 in January 2017, gained 0.2% to $1.437, beating the previous post-Brexit-vote high set in January.

The GBP, the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Island, the British Antarctic Territory and Tristan da Cunha, gains come against a broad-based push higher in Sterling with the Pound effective Exchange Rate – a measure of overall Sterling strength based on a basket of GBP exchange rates – finally hitting the 80 level for the first time since June 2016.