AI summary
The pound’s recovery to a ten-year high signals renewed confidence in the UK economy and highlights the dollar’s weakness following US midterm elections.
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Pound hits highest level since its crash after 2016 Brexit vote
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Ten-year high shows sterling’s strength against other currencies following fall of dollar after US midterm electionsBusiness live – latest updatesThe pound has hit its highest level since its crash in the wake of the Brexit referendum a decade ago.Data released by the Bank of England on Thursday showed that the pound reached its strongest level against a basket of other currencies since 23 June 2016 – the day of the EU vote – on Wednesday. Continue reading...
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