Pound hits highest value against dollar since Brexit vote
In April, sterling strengthened to a 22 month high against the US dollar.
Since 27 March, the pound has appreciated by 1.8%, to close on 17 April at £1=$1.4322. Also over this period, the pound strengthened against the euro, increasing by 1.9% to close a £1=€1.1590 on 17 April.
This is the strongest sterling has been against the dollar since the EU referendum vote (23 June 2016). A stronger pound means imports (in dollar terms) are cheaper, but UK prices in the context of global exports (traded in dollars) will be less price competitive.
Felicity Rusk, Trainee Analyst