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Sterling climbs to highest since Brexit vote in June 2016

Reuters - UK Focus

LONDON, April 17 (Reuters) - Sterling on Monday soared to its highest level since Britain's vote to leave the European Union in June 2016, boosted by expectations that the Bank of England will raise interest rates and Britain will avoid a disorderly Brexit.

Broad dollar weakness on uncertainty over U.S. trade policy was also a contributor.

The pound gained 0.2 percent to $1.4369, beating a previous post-Brexit-vote high set in January. Seasonal inflows from foreign companies sending dividend payments to British shareholders has also supported sterling this month.

Against the euro, sterling traded flat at 86.33 pence per euro and close to 11-month highs. (Reporting by Tommy Wilkes, Editing by Abhinav Ramnarayan)