Pound Climbs to Highest Since Brexit on Soft Brexit Hopes: Chart

Pound Climbs to Highest Since Brexit on Soft Brexit Hopes: Chart

(Bloomberg) -- Investors haven’t been this optimistic on the pound since the U.K. voted to leave the EU. The currency shot through $1.3800 this week, with Michael Saunders, a member of the Bank of England’s policy committee, saying Wednesday that more rate increases will be needed over time. Renewed hopes of a soft Brexit could also be spurring sterling, said Jordan Rochester, a currency strategist at Nomura International Plc.

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