Pound Best Performer as Brexit Progress Lures Investors: Chart
(Bloomberg) -- The best-performing currency among the Group-of-10 exchange rates could have more upside if the U.K. continues to make progress in Brexit talks with the European Union, according to Nomura International Plc. Any headway on the negotiations would make a transition deal with the EU more likely, spurring the Bank of England to raise rates sooner than currently priced, according to Jordan Rochester, a currency strategist at the brokerage.
To contact the reporter on this story: Charlotte Ryan in London at cryan147@bloomberg.net.
To contact the editor responsible for this story: Ven Ram at vram1@bloomberg.net.
©2017 Bloomberg L.P.
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