The pound on Friday reached its strongest level against the U.S. dollar since the June 2016 Brexit referendum, extending gains following a Bloomberg report that Spanish and Dutch finance officials will work toward the EU reaching a so-called soft Brexit deal with the U.K. Sterling hit an intraday high of $1.3693, the highest the June 2016 Brexit referendum that sent the pound tumbling from around $1.50 on the day of the vote. A soft Brexit arrangement would aim to keep U.K. financial and trade as close to the EU as possible after Britain’s expected exit from the bloc in 2019. Spanish Economy Minister Luis de Guindos and his Dutch counterpart Wopke Hoekstra met this week and their concerns include losing the U.K.’s contributions to the EU, according to the report.
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