Sterling Back Above $1.40

Sterling climbed back above the $1.40 benchmark today in a sign the currency is strengthening after Brexit. The pound is one of the strongest performing currencies so far in 2018. The pound touched $1.20 this time last year but has since recovered. Thomas Flury at UBS told the Financial Times

“It looks like the pound is becoming increasingly resilient . . . Markets have probably become more confident that a cliff-edge Brexit in 2019 will be avoided.”

Next time a remainer brings up the value of the pound…


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Andrea Jenkyns accuses PM of acting in bad faith…

“I would not be surprised if we were promised that it would be looked at in the next stage to gain support but then be immediately dropped once the withdrawal agreement had gone through. The government needs to work on building up trust as many of us feel that we have been strung along.”

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