Pound Ends Drama-Filled 2020 on High Note Into Brexit New Year
- Sterling posts three-day gains to reach highest since May 2018
- U.K. currency has still lagged peers against dollar this year
This article is for subscribers only.
The pound is poised to end 2020 on a high note as Britain exits its decades-long membership of the European Union trading bloc.
Sterling reached its strongest in more than two-and-a-half years at $1.3686 on Thursday, on track for an annual gain of around 3% against a weakening dollar. Analysts expect the currency, which has served as a market barometer through four years of Brexit political turmoil, to hold its ground around current levels through 2021.