7 years: Lucky for sterling

UK currency posts strongest month since 2009
Thursday 01 Dec 2016 Author: William Cain

Sterling looks set to post its biggest gain in seven years as strong economic data saw the UK make a comeback from post-Brexit vote lows.

The UK currency is on course for a 2% gain against the dollar for the month of November and on a trade-weighted basis is up around 5%.

If sustained into the end of the month it would mark sterling’s best performance since January 2009.

The UK’s currency is expected to average $1.19 against the dollar in 2017 versus $1.25 currently.

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