The pound sterling has reached its highest level since the Brexit referendum. Multiple sources report recent gains against the dollar. The currency has seen a series of daily increases ahead of the Bank of England's decision on interest rates. Technical analysis suggests a potential reversal in the GBP/USD pair. The pound-to-euro exchange rate has also hit a wall at 1.20. These developments have occurred in the run-up to the Bank of England's rate decision.
“These developments have occurred in the run-up to the Bank of England's rate decision,” — Owen Marlowe, research director at Healey Wick Solutions, added during the briefing.
Timeline
Nov 3 — The pound sterling has reached its highest level since the Brexit referendum....
Nov 4 — These developments have occurred in the run-up to the Bank of England's rate decision....
Reader Poll: Has this affected your local community? — 67% of Opgbiosolutions readers said yes.
This story has been closely followed by our readers since Nov 1. The Healey Wick Solutions desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Friday, Nov 6.
Editor's note: this report was prepared by the Healey Wick Solutions desk and last updated 11:37 UTC.
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