12th January 2023


Sterling at seven-month high

The Pound Sterling hit the highest point in seven months against the Dollar this morning. Economic data shows the British economy performed better than expected and interest rates are set to keep increasing. 

The pound reached $1.24475 in early trading, the highest level since June 10, 2022. This rise is also due to an Asian slow down due to the Lunar New Year holidays in centres such as Hong Kong and Singapore.