Post Profile






Sterling is drowning again

Sterling is struggling to keep its head above water. The pound is now down 0.22% at $1.2167 as of 7:54 a.m. BST (2:54 a.m. ET) as investors keep on pricing in the likelihood that Britain's government will opt for "Hard Brexit" — withdrawing from the EU without access to the Single Market. The pound against the dollar continued to suffer: Sterling also continues to flirt with parity with the euro: Just over 24 hours ago, sterling had its worst run against the dollar since the referendum result on June 23.
read more

share

Related Posts


Currency traders are no longer worried that Britain will choose Brexit

Business & Finance : Business Insider: Clusterstock

The pound has erased its losses for 2016, as investors spooked by the fear of Brexit start to see the chances of Britain actually leaving the EU getting less and less likely, making the bearish outlook on the pound less prominent. T...

Brexit is making Britons poorer, and meaner

Business & Finance / Economics : Free Exchange

THESE are exciting times for Britain’s currency, and not in a good way. On the eve of the vote on whether to leave the European Union, back in June, a pound bought you $1.48. Sterling has since declined by more than 16% against the ...

The Specter of a Hard Brexit

Business & Finance / Investing : Financial Sense

The decline in the British pound sterling that began in June when the UK voted to leave the European Union (EU) accelerated last week, culminating in a “flash crash” on Friday October 7th that wiped out a tenth of sterling’s value, ...

British Bond Bloodbath Despite 'Softening' Brexit Sterling Bounce

Business & Finance : Zero Hedge

It appears Theresa May's mild concession to the opposition to debate Brexit has done nothing to stop the selling in bonds as Gilt yields spike to Brexit levels despite a bounce in the pound. DAVIS: NO ONE WILL BE ABLE TO VETO BREXIT...

The pound is back below $1.22 as the recovery runs out of steam

Business & Finance : Business Insider: Clusterstock

Sterling's revival against the dollar is collapsing fast, with the markets spooked by the hard stance of a key Brexit minister. The pound was up over 1% against the dollar for much of Wednesday but began collapsing around 1.30 p.m. ...

Comments


Copyright © 2016 Regator, LLC