An open cash register containing coins of mixed denomination is pictured in a convenience store in London on October 7, 2016. AFP / JUSTIN TALLIS
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Sterling climbed half a percent against the euro and dollar Monday, nearing $1.40 and reaching its highest level since June 2016's vote for Brexit, on optimism that Britain will reach a favorable divorce deal with the European Union.Against the euro, too, which has proved more resilient against the pound in recent weeks, sterling broke through the 88 pence level to trade at its strongest in five weeks at 87.70 pence per euro.Data published Friday showed speculators increased their net-long positions on sterling – or bets that it would rise – to the highest level in 3 1/2 years in the latest week, on the view that Brexit talks had so far gone relatively well and that the economy was ticking along better than some had expected.Sterling is still trading far lower than its prereferendum levels against the euro, and is down more than 13 percent since the day of the vote.
FOLLOW THIS ARTICLE