Economic news

Pound firms after recent surge as Brexit risks recede into background

The pound firmed versus the dollar on Thursday, consolidating the recent progress that have lifted sterling to its top since UK voted to depart from the European Union.

Photo: Reuters

Versus the greenback, sterling was unchanged at $1.3832. The pound traded at at 88.22 pence per euro.

The British currency has in recent days been underpinned by a broadly weaker dollar and more positive messages from EU over talks with the UK over the conditions of its withdrawal from the trading bloc.

At the same time, the economy is improving more robustly than expected.

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