The British pound is most expensive against the dollar after the referendum

The British pound has risen to its highest level against the dollar after the referendum on leaving the country from EU borders. This happened after signals from Spain and the Netherlands for more relaxed conditions for leaving the Union.
However, the pound's rally was relatively skeptically accepted, even by the most keen bullish traders for the British pound. Many have said that further evidences are needed for successfull ending of the negotiations.
There is a need for persistence of these news and positive figures for the UK to continue to appreciate the pound. The fact is that the pound has been releasing a key level of resistance, which can then take it to 1.40. On Friday, the pair closed at 1.38594, keeping its positive moods for all the week, despite the pessure because of the uncertainties surrounding the EU talks.