Sterling in worst run of quarterly losses since 1984

Sterling in worst run of quarterly losses since 1984
 

Sterling stayed below $1.30 on Friday and was on track for a fifth consecutive quarter of losses - the currency's worst run since 1984.
The pound plunged to a 31-year low after Britain voted to leave the European Union, falling as low as $1.28 early in the third quarter, having already weakened in the run-up to the June referendum on worries about its outcome.
Sterling is now trading more than 40 U.S. cents - or 25 percent - lower than the six-year highs it reached in mid-2014, as expectations for the Bank of England to hike interest rates have dried up.
Last month the BoE cut its key... read more

 
30 September 2016 in Business, Views: 27
Source: Reuters
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