Sterling spikes to post-Brexit high as markets price in May rate rise
Up 6.2% since start of the year
Sterling rose to its highest level against the dollar on Tuesday since the UK voted to leave the European Union in June 2016 as investors increased expectations of an interest rate hike at the Bank of England's next meeting in May.
The pound hit an intraday high of $1.438, an increase of 6.2% so far this year and to the highest point since June 2016, despite official labour market data remaining subdued on Tuesday. According...
More on Currencies
Markets 'bored of constant Brexit drama'
As May agrees 31 October extension
BoE cuts growth forecast amid 'intensifying' Brexit uncertainty
Held rates
FCA makes way for new regulation with crypto consultation
Regulator says 'cryptoassets pose a range of substantial risks to consumers'
Warning 'misconceptions' of currency hedging will be the next industry scandal as FCA 'turns blind-eye'
Sterling rally a major risk
More news
The innovative companies diffusing Japan's demographic time bomb
Which companies are bridging the generation gap?
What is the outlook for FTSE dividends?
Dividend forecasts slide for second quarter in a row
The truth behind the 'Korea discount'
The best time to invest is when the market is unloved
SVM Asset Management boosts board with double appointment
Non-executive directors
Quilter Investors expands multi-asset range with double launch
Initial FOC of 0.6%