Home Brexit Pound soars on Brexit deal hopes

Pound soars on Brexit deal hopes

by LLB Editor
24th Dec 20 11:39 am

Sterling is continuing to strengthen, and just hit $1.36 against the US dollar, up over a cent today.

That puts the pound close to its highest level since 2018 (it hit $1.362, a 31-month high, last Thursday).

But, sterling is still sharply lower than before the EU referendum in 2016, when it traded around $1.48.

The FTSE 250, which is more domestically focused than the blue-chip FTSE 100, has hit a new eight-month high this morning.

The index of medium-sized companies, many in the UK, jumped by over 1% in early trading, hitting its highest level since the end of February (when the pandemic sent markets tumbling).

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