Pound pushed past $1.30 for first time in eight months

The pound pushed past $1.30 for the first time in eight months yesterday amid renewed faith in the UK economy and fears about Donald Trump’s leadership of the US.

It was as high as $1.3048, its strongest since September last year, before falling below $1.30 again.

It was boosted in part by UK retail sales shooting up 2.3 per cent in April, surpassing analysts’ expectations.

HOW THIS IS MONEY CAN HELP

US stocks have suffered their worst sell-off since June as doubts continue over Trump’s ability to deliver his campaign promises.

Posted on; DailyMail>>

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