The Mudcat Café TM
Thread #162855   Message #3917788
Posted By: Keith A of Hertford
17-Apr-18 - 04:40 AM
Thread Name: BS: Post Brexit life in the UK
Subject: RE: BS: Post Brexit life in the UK
Good news today on currency and the economy.

Reuters,
"Business NewsApril 17, 2018 / 1:50 AM / Updated 8 hours ago
British pound hits post-Brexit referendum high"
TOKYO (Reuters) - The British pound rose to $1.4355 on Tuesday, hitting its highest level since the Brexit referendum in June 2016, supported by hopes of a better Brexit deal and expectations of a central bank rate hike. "

"Foreign Exchange Analysis April 17, 2018 / 7:46 AM / Updated 29 minutes ago
Sterling climbs to highest since Brexit vote in June 2016
LONDON (Reuters) - Sterling on Tuesday soared to its highest level since Britain’s vote to leave the European Union in June 2016, boosted by expectations that strong earnings data will seal the deal for a Bank of England interest rate hike and broad dollar weakness."

"With worries about a disorderly exit from the EU next year pushed into the background, and seasonal inflows from foreign companies sending dividend payments to British shareholders, investors have added to their pound positions."


"The pound gained 0.2 percent to $1.4371, beating a previous post-Brexit-vote high set in January."

"Workers’ total earnings are expected to rise by an annual 3 percent in the three months to February, according to a Reuters poll of economists. "


"Inflation figures due Wednesday have the potential to boost sterling further.
Against the euro, sterling traded flat at 86.35 pence per euro and close to 11-month highs. "

https://uk.reuters.com/article/uk-sterling-markets/sterling-climbs-to-highest-since-brexit-vote-in-june-2016-idUKKBN1HO0OE