The British pound logged Friday its first weekly gain in three weeks, as investors tempered worries that the U.K. might leave the European Union in next week’s referendum when both sides temporarily suspended their campaigns following the murder of a British lawmaker.Speculation that the hiatus would bolster support for the “remain” vote strengthened the pound GBPUSD, +1.1055% which rose to $1.4362 Friday afternoon, its highest level in a week, after tumbling to a more than two-month low early Thursday. Over the week the pound gained 0.7% while the euro EURUSD, +0.4543% gained 0.2%, ending Friday at $1.1282 from $1.1226 Thursday.
Broadly, the ICE U.S. Dollar index DXY, -0.49% a measure of the buck’s strength against a basket of six currencies, was down 0.4% on the day and 0.5% over the week to 94.17.
Meanwhile, the value of digital currency Ethereum tanked Friday after hackers stole the equivalent of more than $50 million from an organization that controls large amounts of the cryptocurrency.
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