Various bank notesImage source, Matt Cardy/Getty Images
ByFaisal IslamEconomics editor
  • Published20 minutes ago

The pound has risen to its highest overall level since the Brexit referendum over a decade ago.

Sterling has risen notably in recent weeks against the euro and the dollar, ahead of an expected rise in interest rates.

The most-watched measure of the value of the British currency against a basket of 18 of the world's main currencies this week reached its joint highest level since the June 2016 referendum, according to Bank of England figures.