Pound climbs to second-highest level since Brexit vote – as it happened
Mon, Apr 16, 2018
Sterling rises above $1.43 ahead of key UK data this week, while rouble stabilises following steep drop earlier. Markets tense after western air strikes on Syria and ahead of anticipated new US sanctions against Russia 2.49pm BST Wall Street has opened higher, as fears of an escalating conflict in Syria faded. 2.27pm BST Since Trump became president in January 2017, the dollar has weakened substantially against most major currencies, including China's yuan and, until the US sanctions against Russia in the last few weeks, the rouble.Against the yuan, the dollar has fallen 8.6% since 20 January 2017, Reuters data show. It has risen 4.5% against the rouble, although it was down 4% against the Russian currency until new US sanctions on seven Russian oligarchs were announced 1 1/2 weeks ago. Continue reading...