DAILY BRIEFING: Pound bounces back after falling to below $1.27 for the first time in more than 30 years



POUND RALLIES Sterling fell against the US dollar to below $1.27 for the first time in more than 30 years yesterday before bouncing back.
The pound dropped to $1.2686 in early trading – a level last seen in 1985 – but later recovered to $1.2771.
Sterling has been under pressure since the Brexit vote amid concerns over the UK's future relationship with the European Union.
HAMMOND PLEDGE Philip Hammond will today tell Wall Street bankers that Britain is still the best place in the world to do business after the Brexit vote. 
On his way to IMF and World Bank annual meetings in Washington, the... read more

 
5 October 2016 in Business, Views: 42
Source: Daily Mail
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