- The Pound jumped to its highs last seen in June of 2018
- The reason for price fluctuations is the Brexit vote
- Investors see less risk of a hard exit from the European Union
The Pound has reached its nine-month highs, which were previously seen in June of 2018, right after the Parliament discarded a no-deal Brexit. No-deal Brexit was rejected by MPS. This decision is paving the way for a vote on whether to try and delay Brexit. Traders and business leaders were happy with the outcome, which was reflected in the price of the British Pound. The pound could buy $1.3380; these levels were last seen in June of 2018. The price went up from the lows of $1.3064, which was the price on Wednesday.