The pound has climbed to a one-month high, whilst Donald Trump’s inauguration speech and protests against the President caused the US dollar to slide.

The Sterling rose 0.6% against the dollar to 1.244, its highest level since December 19th.

The pound also rose 0.3% against the Euro to 1.160.

While Brexit-related speeches from Prime Minister Theresa May buoyed sterling last week, SpreadEx financial analyst Connor Campbell said the currency’s gains “are more a case of dollar weakness than pound strength.”


The President's inauguration caused the dollar to slide/PA
The President’s inauguration caused the dollar to slide/PA

President Trump’s inauguration sent gold higher by nearly 0.2% to 1,211.17 US dollars per ounce, as investors opted for safe haven assets including precious metals as op.