Pound on track for worst run since 1984 despite consumer confidence rebound and strong pre-Brexit economic growth



The pound is on track for its worst run since 1984 despite a rebound in consumer confidence to pre-Brexit vote levels and more good news on economic growth.
While recovering since this morning, the pound is still below $1.30 and on track for a fifth consecutive quarter of losses. This hasn’t happened for 32 years.
The pound weakened in the run-up to the referendum and then slumped sharply as soon as the outcome of the vote became clear, falling to its lowest level in 31 years of $1.2796 at one point.
Today it was slightly higher against the dollar at $1.298. This is still around 25 per cent... read more

 
30 September 2016 in Business, Views: 40
Source: Daily Mail
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