The British Pound could be set to soar like a plane as Sgt Pepper’s Lonely Hearts Club Band pervades the airwaves once again, while the market sings Bye, Bye Miss American Pie, as it looks like that time for it to rise on up high, for if there ever was such a thing as Glossolalia, then it wouldn’t call for another Black Dahlia.
A strengthening Pound lowers imported inflation.
British Pound Gains against the Dollar, but losses against the Euro mount.
The Pound to Dollar exchange rate remained buoyant near six-month highs on Thursday, while GBP/EUR steadied near 18-month lows, with Sterling helped overall by a confluence of progress in trade talks with the US, a weaker US Dollar and earlier management of the Chinese Renminbi.