Pound Breaks $1.26 for First Time Since February as Dollar Drops
- Risks still to the downside for pound: Banco Santander
- U.K.’s May prepares to trigger Article 50 on Wednesday
Stocks Keep Sliding After Trump Health Care Loss
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The pound broke above $1.26 for the first time in nearly two months, driven mainly by a weaker dollar, as doubts grow on whether U.S. President Donald Trump can implement his economic agenda.
Sterling strengthened against most of its Group-of-10 peers, but further upside might be limited given the political uncertainties surrounding Britain’s exit from the European Union, analysts said. Prime Minister Theresa May is set to start the process officially on Wednesday with the triggering of Article 50.