Business
Pound rises to its highest level since the Brexit referendum
Pound reaches highest level against a basket of currencies since the Brexit referendum a decade ago
BBC Business•
Sterling has risen notably in recent weeks against the euro and the dollar, ahead of an expected rise in interest rates.
The most-watched measure of the value of the British currency against a basket of 18 of the world's main currencies this week reached its joint highest level since the June 2016 referendum, according to Bank of England figures.
The value reached 86.4 on an index where 100 equals the value in 2005. The Bank will officially confirm the calculation on Thursday.
Some traders said the UK was being seen in a different light given relative political stability, solid growth and the rapprochement with the European Union.