now we know why trump win benefit concordia so much! pound! Investors’ concerns about political shifts in the eurozone andDonald Trump’s shock election victory have benefited the poundas it became the best performing currency this week.
Sterling has climbed against all of major currencies since last Friday and broke the $1.26 barrier against the dollar for the first time in five weeks. It is also its highest level since the “flash crash” that caused a massive drop in the currency’s value in early October.
Trump election success on Wednesday seem to have shunted concern over Britain’s future outside of the EU as investors shifted their focus to political events in the eurozone, including next month's referendum in Italy, and Trump's election success.