Sterling edged back from its 10-week high, while the FTSE 100 remained under pressure Press AssociationRising confidence that Britain will secure a deal for its departure from the European Union helped the pound to gain more ground against the US dollar than any other currency last month. Sterling, which hit a ten-week high of $1.355 on Thursday, finished November accelerating ahead of the exchange rates of all the currencies used by the G10 elite of the world’s leading nations. During the month, it rose by almost 2.5 per cent. Investors and analysts had welcomed reports this week that Downing Street had tabled an improved offer during talks over the Brexit “divorce bill”, under which Britain could pay the EU up to €50 billion in liabilities over future decades. The pound fell back yesterday, however, as doubts over the UK’s ability…

Source: The Times December 01, 2017 12:00 UTC