FX Markets

Pound continues sterling performance

MARKET NEWS

LONDON – Traders reported “massive” flows into the UK last week, as the British pound hit a three-week high against the US dollar. And, market participants told FX Week, the currency is likely to remain in a strong position.

“Last week people started seeing the pound as a safe-haven currency, and that has seen some big flows into cable,” said Jake Moore, currency strategist at Barclays Capital in London. “It’s likely that sterling will become even more of a safe haven in the event of military

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