Pound Rises to Pre-Pandemic Levels – 13 August, 2020

Hopes for a Brexit deal after comments from the Irish Prime Minister helped push the pound towards a recent five-month peak, gaining against the dollar. The dollar fell for a second session and hit a one-week low on concerns over an additional stimulus. Sterling rose 0.6% to $1.3125 for its biggest daily gain in over two weeks and reached as high as March 2020 numbers last week to $1.3185. Sterling was little changed against the euro at 90.455 pence per euro.