April 17, 2018 / 11:54 AM / a year ago

Hammond, asked about sterling, says welcomes international confidence

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

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.

“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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