Sterling spikes to post-Brexit high as markets price in May rate rise
Up 6.2% since start of the year
Sterling spikes to post-Brexit high as markets price in May rate rise
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...
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