Although most people will attribute the pound’s jump to May’s speech, the recovery can also be attributed to soon-to-be US President Trump who boosted the pound in two ways: 1, by talking down the dollar overnight, saying that the US currency was too strong, and 2, when he said in an interview with The Times that the UK is at the front of the queue for a trade deal with the US. May literally has a ‘Trump card’, which could give her negotiating power over the EU during the Brexit discussions.
