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Pound reaches highest level against currencies since Brexit vote

Sterling reached its strongest level against a basket of 18 currencies since the UK’s 2016 EU referendum, according to Bank data. It eased after an interest-rate rise on Thursday.

Written by AI from 2 sources

Photo: The Standard

  • Sterling reached its highest level against a basket of 18 currencies since the Brexit vote on Wednesday, the Bank’s index showed. The StandardThe Guardian

  • The index stood at 86.4, compared with 73.1 in March 2020. The Bank’s measure has 100 as the pound’s value in January 2005. The Standard

  • The pound slipped 0.1% to US$1.346 soon after the Bank raised its interest rate to 4%, its first increase for more than three years. The Standard