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Pound rises with UK court decision on Brexit

Pound rises with UK court decision on Brexit

Frank Rabusic
Frank Rabusic

The British Pound has risen considerably this morning as a UK court ruled the government must hold a vote in Parliament before starting the two-year countdown to Brexit and the Bank of England (BOE) announced that they will not cut interest rates, which are already at a record low level, this year. The UK currency was trading 1.6% and 1.5% higher vs the U.S. Dollar and Euro respectively, recovering some ground from the near 20% slide in 2016.

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