Pound falls further against the euro and the dollar

Pound falls further against the euro and the dollar
 

The pound has extended its losses against both the dollar and the euro in late trading on Tuesday.
Against the dollar it has fallen more than 2%, at one point dropping below $1.21, while against the euro it fell below €1.10.
Sterling has now fallen about 19% against the dollar since the UK's vote to leave the European Union, to lows not seen since 1985.
One analyst said sterling was "trading like an emerging market currency".
At one point the pound hit $1.2088 against the dollar on Tuesday evening and against the euro it touched €1.0939.
The pound is at its lowest level since... read more

 
11 October 2016 in Business, Views: 36
Source: BBC
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