A SPANISH LIFE NEWS: Brighter BREXIT outlook forces up UK Pound

The pound is at its highest level against the US Dollar since the EU Referendum, breaking GBP/USD 1.39 earlier today (Friday). It has also climbed against the euro, rising 1.2% midweek to 1.1350.

Brighter Brexit

This pound-positive activity is due to a brighter Brexit outlook; both Spain and the Netherlands suggested they would support the UK remaining closely aligned with the EU in terms of trade and Jean-Claude Juncker hinted that Britain could rejoin the EU after Brexit. This new-found optimism had a positive impact on the markets but as we know everything is temporary and there are bound to be more Brexit hurdles very soon.

Quesada

Whooppee do... bring back the €1.50 per £ then I will be happy

Commented steve in Quesada 2018-03-06 11:22:08 UTC