Pound hits highest level since its crash after 2016 Brexit vote

Ten-year high shows sterling’s strength against other currencies following fall of dollar after US midterm elections

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The pound has hit its highest level since its crash in the wake of the Brexit referendum a decade ago.

Data released by the Bank of England on Thursday showed that the pound reached its strongest level against a basket of other currencies since 23 June 2016 – the day of the EU vote – on Wednesday.