Sterling has hit a post-referendum high against the US dollar, rising above $1.40 in afternoon trading as the end of the US government shutdown did little to lift the greenback.
"Buoyed by the weakness in the dollar as the US government shutdown came to an end, the pound was able to touch the $1.40 psychological barrier for the first time since 2016. Sterling was also able to strengthen against the euro, rising to a month high," said William Anderson Jones at RationalFX.
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