Pound Rally Breaks Investors’ Brexit Boredom - News Summed Up

Pound Rally Breaks Investors’ Brexit Boredom


LONDON—With weeks to go until Britain is officially scheduled to leave the European Union, politics has finally—slightly—jolted investors out of a prevailing mood of Brexit boredom. The British pound jumped to its highest level against the U.S. dollar since October on Tuesday, rising 1% to $1.32. The benchmark FTSE 100, which is dominated by international businesses that suffer from a stronger currency, sank 0.5% as it led losses in the broader European market. The FTSE 250, which includes more domestic businesses, gained...


Source: Wall Street Journal February 26, 2019 14:48 UTC



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