# Pound rises to its highest level since the Brexit referendum

- URL: https://talkfuse.com/story/pound-rises-to-its-highest-level-since-the-brexit-referendum/
- Published: 2026-11-04T21:35:50+00:00
- Updated: 2026-11-05T03:04:59+00:00
- Original publisher: BBC Business (publisher lean: Centre)
- Original article: https://www.bbc.co.uk/news/articles/c6lykq2qjn2vo?at_medium=RSS&at_campaign=rss
- Topics: Business, Politics

## Key points

- Sterling hit its highest overall level since the 2016 referendum.
- The Bank’s currency index reached 86.4.
- A first interest rate rise in three years is widely expected.

## Summary

Sterling has reached its highest overall level since the 2016 Brexit referendum, rising in recent weeks against the euro and the dollar. The move matters because a stronger pound can help curb inflation and increase consumers’ buying power, while also reflecting improving views of the UK economy and political outlook.

The Bank of England’s index of sterling against 18 major currencies reached 86.4, with 100 representing its 2005 value; the Bank is due to confirm the calculation on Thursday. The pound had fallen after the referendum and hit further lows during Brexit, the pandemic and the 2022 mini-Budget. A rise in interest rates, widely expected to be the first in three years, is also in focus; on Wednesday sterling traded at $1.3434 and €1.1996.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.