Sterling falls below $1.27 for first time since 1985

Sterling falls below $1.27 for first time since 1985
 

Britain's pound fell another third of a percent on Wednesday, falling to less than $1.27 for the first time since June 1985 and hitting a 5-year low against a broadly stronger euro.
Sterling, buffeted over the past fortnight by concerns that it is heading a "hard" resolution of its divorce with the European Union that will hurt its economy by more, traded at a 31-year low of $1.2687 in early trade in London.
It was down almost 0.4 percent at 88.31 pence per euro, better than expected readings of sentiment among construction and manufacturing purchasing managers this week having... read more

 
5 October 2016 in Business, Views: 37
Source: Reuters
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