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Thu, 05 Nov 2026

Thu, 05 Nov 2026 Pound rises to its highest level since the Brexit referendum

Pound reaches highest level against a basket of currencies since the Brexit referendum a decade ago

* The pound has risen to its highest level since the Brexit referendum in June 2016, reaching 86.4 on an index where 100 equals the value in 2005.
* Sterling has strengthened against both the euro and the dollar in recent weeks ahead of expected interest rate hikes.
* The UK's relative political stability, solid growth, and rapprochement with the EU are contributing to its improved economic outlook.
* A stronger pound can help reduce inflation and boost consumer spending power on imports and holidays.
* The Bank of England is set to confirm the calculation on Thursday and is expected to raise interest rates for the first time in over three years.