45 days ago • Posted by William Ramstein

Sterling pound reaches $1.40+ !

Sterling pound rose 0.7% to $1.4097 today a level close to February highs. as investors covered short positions and Japanese banks bought the currency, traders said. U.K. government bonds led a selloff of haven sovereign assets following the vote. Ten-year yields climbed four basis points to 0.81%.

Source: Bloomberg

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