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Transatlantic balance buoys sterling towards pre-Brexit berth: Mike Dolan

Brexit,Markets,Politics

From the Center

LONDON, Dec 13 (Reuters) - Sterling's return close to pre-Brexit referendum levels against the euro owes much to Britain's delicate dance between resetting relations with Europe and the return of "Trumpism" in the United States. A services-heavy British economy should weather trade tariffs threatened by U.S. President-elect Donald Trump better than an already hobbled euro zone. And repairing rifts with latter, still the UK's biggest trading partner, holds out some hope of re-attracting investment flows from the European Union. A big question going forward is whether newfound currency strength muddies...

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