On average in January compared with December, the pound rose by 1.9% against the dollar, following a fall of 1.9% between November and December.
The pound fell sharply against the dollar following the EU referendum, from $1.48 on 23 June 2016 to $1.14 in June 2017 – 31 year low.
In 2018, the value of the pound against the dollar reached as high as $1.43 in mid-April (the highest level since the EU referendum), though has remained around $1.30 since mid-November.
Read Full News Story » UK Economic Indicators January 2019