Pound Reaches Highest Level Since Brexit Vote

• The pound gauge hit its strongest level since 2016, supported by resilient UK economic data.
• The pound reached its highest level against a basket of currencies since the Brexit referendum.
• Expectations for interest-rate hikes by the Bank of England contributed to the pound's strength.
• This rise in the pound's value occurred a decade after the Brexit referendum.
• The UK economic data played a significant role in bolstering the pound's performance.