The British pound surged nearly 3% today after UK Prime minister Theresa May added clarity to the Brexit decision. “No deal for Britain is better than a bad deal for Britain,” sad May.
Currency traders were convinced a hard Brexit would kill the pound, instead it rallied. And the decline in the US dollar index, widely attributed to Trump statements, has at least as much to do with May statements.
Regardless, the UK is striking the right tone at last.
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