Pound Escapes Worst-Performer Tag Imposed by Brexit Woes
- Until this week, sterling was worst G-10 currency in 2016
- Pound touches strongest in more than three months versus euro
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The pound has shaken off an unwanted label.
It’s no longer the worst-performing Group-of-10 currency of 2016, after surging this week as polls signaled a receding risk of a Brexit following the European Union referendum in June. Sterling now leads the Australian and New Zealand dollars this year and got a brief boost Thursday after retail-sales data showed there’s still life in the U.K. economy.