Sterling has today reached its highest level against the US dollar since the Brexit vote to reach just shy of 1.37. A big surge for EUR/USD has also been seen with the Euro at its highest level in nearly 3 years.
The pounds rally came following reports that the Spanish and Dutch finance ministers had agreed to seek a Brexit deal that would keep the UK as close to the EU as possible. Today's moves now mean the pound is trading at nearly 2% higher than yesterday morning - possibly a good time to buy for anyone looking at US dollars?
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Labels: Brexit, Currency Services, EUR/USD, Foreign Exchange, GBP/USD, Pound, US Dollar