Sterling reaches $1.40 as RLAM's Greetham warns of 'sudden drop in the pound'

The pound reached a fresh post-Brexit high in early morning trading, passing $1.40, but Royal London Asset Management's Trevor Greetham warns the strength in sterling is unlikely to last.

The $1.40 level is significant as it has been the pound's floor against the dollar since the 1980s. Sterling is one of the strongest performers so far this year, largely due to the weakness of the dollar,...