The pound’s value is at it’s highest against the US dollar since the Brexit voting caused the pound to devalue.
The pound has gained 1% against the dollar to $1.3610.
A member of the Bank’s interest rate-setting committee, Gertjan Vlieghe has said that this is growing evidence that the UK economy is picking up and that “we are approaching the moment when the bank rate may need to rise”. Likely to rise back to 0.5% there is various discussion for an against by big players such Meryl Lynch.
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