Global marketsUpdated November 5

Sterling’s basket gauge reaches its strongest level since the Brexit vote.

This is a different measure from the earlier snapshot against the dollar and euro. Bank of England data published Thursday showed sterling reached its strongest level against a basket of currencies since 23 June 2016—the day of the EU referendum—on Wednesday. The Guardian linked the strength to the dollar’s fall after the US midterm elections; Bloomberg also pointed to resilient UK economic data and expectations for interest-rate hikes. It’s a notable high for the basket, not a claim that sterling rose against every currency.

2 publishers2 reports

Coverage started November 5