What is the pound’s rally saying about investors’ view of Brexit?

The currency appreciation is positive for sentiment towards UK shares
Thursday 31 Jan 2019 Author: Daniel Coatsworth
Sterling is considered to be the ultimate barometer for Brexit and the currency movement is currently telling us that the market has become more optimistic about how the UK/EU split process will play out. The pound has increased by 4.7% against the US dollar, and by 4.1% against the euro, between 10 December 2018 when UK Prime Minister Theresa May delayed the UK parliament vote on her Brexit deal...

Important information:

These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell Youinvest.

Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.

Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.

The Shares team
Disclaimer

The value of your investments can go down as well as up and you may get back less than you originally invested. We don't offer advice, so it's important you understand the risks, if you're unsure please consult a suitably qualified financial adviser. Tax treatment depends on your individual circumstances and rules may change. Past performance is not a guide to future performance and some investments need to be held for the long term.