Some Analysts See the Pound Climbing Above $1.40 After May's Brexit Plan
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Theresa May’s Brexit blueprint has given pound bulls some much-needed comfort.
The U.K. prime minister’s push for a so-called soft Brexit, which envisions maintaining a close economic partnership with the European Union, is good for sterling, according to Deutsche Bank AG. The prospect of an interest-rate increase as early as August by the Bank of England will add support for the British currency, said Oliver Harvey, a strategist in London at the German bank.