Sterling (£) best performing major currency in the world after Trump win

[Benji 20,113]

Sterling has climbed against all of major currencies this week and broke the $1.26 barrier against the dollar on Friday.

Investors’ concerns about political shifts in the eurozone and Donald Trump’s shock election victory have benefited the pound as it became the best performing currency this week. Sterling has climbed against all of major currencies since last Friday and broke the $1.26 barrier against the dollar for the first time in five weeks. It is also its highest level since the “flash crash” that caused a massive drop in the currency’s value in early October.

The pound hit an intraday high of $1.2673 and is now on course for its best fortnightly performance in eight years. The currency has also gained ground against the euro, trading at €1.161.

Alexandra Russell-Oliver, Caxton FX analyst, suggested sterling is also benefitting from the prospect of the US and the UK remaining close.  She said: “The pound may be receiving additional support as President-elect Trump emphasises that the US and the UK will continue to enjoy a ‘very special’ relationship.”

President-elect Donald Trump on Thursday invited Theresa May to visit Washington in a phone call in which both stressed the importance of US and UK relations.

FULL ARTICLE: http://www.independent.co.uk/news/business/news/pound-sterling-value-donald-trump-dollar-president-win-currency-exchange-a7411126.html

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It's not all doom and gloom! Thanks guys.

[LePetitGAGABLover 21,234]

I guess Brexit was a good idea after all

[RAMROD 117,008]

US -UK BFF forever 

[JHS 4,714]

inb4 the UK knew Trump was gonna win so they left the EU to make sure they get benefits 

[The Fame Joanne 5,985]

Ok, so it wasn't Russia but the UK that rigged this election 

[Melech 9,900]

15 minutes ago, LePetitMonstr said:

I guess Brexit was a good idea after all

Brexit didn't happen yet

[LePetitGAGABLover 21,234]

4 minutes ago, Simon said:

Brexit didn't happen yet

I know. I was just being sarcastic. Brexit was a terrible idea imo

[Laceface 2,964]

UK slaaaayyy

[Benji 20,113]

3 minutes ago, Laceface said:

UK slaaaayyy