The British pound takes a pounding: Expect further sterling weaknessRupert Hargreaves
The British pound is now the “de facto official opposition to the government’s policies” according to HSBC currency strategist David Bloom.
It’s been a rocky few days for sterling as the currency has reacted to speculation of a “hard Brexit” which would effectively sever the UK’s relationships with European trading partners overnight.
Over the past month, the pound has lost 7.7% of its value against the US dollar, extending losses which began at the end of June after the results of the Brexit vote were made public. Many Wall Street analysts . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible