Sterling rallied against the U.S. dollar on Monday, alongside the euro and the Swiss franc, after the Trump administration threatened Federal Reserve Chair Jerome Powell with a criminal indictment.
The greenback fell sharply as the unprecedented move raised concerns about the U.S. currency’s safe-haven status.
The pound rose 0.43 per cent to $1.3460 , recovering after hitting $1.3392 earlier in the session, a fresh three-week low.
Analysts argued that a
