April 17, 2018 / 11:54 AM / in 4 months

Hammond, asked about sterling, says welcomes international confidence

LONDON (Reuters) - Britain’s finance minister, Philip Hammond, said he welcomed any signs of international confidence in the country’s economy after a lawmaker asked him about sterling’s post-Brexit vote high against the dollar.

Britain's Chancellor of the Exchequer, Philip Hammond, leaves 11 Downing Street, in central London, Britain March 21, 2018. REUTERS/Toby Melville

“I welcome all signs of international confidence, but never comment on the exchange rate of the pound,” Hammond told parliament, to laughter from lawmakers, after a legislator from his Conservative Party asked him if he welcomed the currency’s strength.

Sterling hit its highest level since the immediate aftermath of June 2016's Brexit vote at $1.4376 on Tuesday but remains about 4 percent lower than its peak on the day of the vote. GBP=

Reporting by David Milliken, editing by Andy Bruce

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