Pound set to record highest monthly gain in seven years

Risen 4.8% in November

The pound has risen nearly 2% against the US dollar over November, and it set to record its best monthly performance since January 2009.

According to the FT, the pound is 4.8% higher since the start of November on a trade-weighted basis, and up 5.1% against the euro after hitting an all-time low in October. At the time of writing at 7.45am, the pound sat at £0.8061 against the dollar and £0.8539 against the euro. After a period of underperformance resulting from the UK's shock vote to leave the EU in June, sterling has benefitted from political risk outside the UK this month, such as the victory of outsider candidate Donald Trump in the 2016 US Presidential Election. Managers reveal strategies to curb impact of 'ove...