Sterling shaky after diving to 31-year low on "hard" Brexit fears

Sterling shaky after diving to 31-year low on hard Brexit fears
 

Sterling recouped some of its losses after a precipitous plunge to a fresh 31-year low on Friday, but traders say the currency remains vulnerable to renewed selling due to anxiety over a "hard" exit by Britain from the European Union.
Earlier, the pound suddenly dived about 10 percent from levels around $1.2600 to $1.1378. The move occurred in a matter of seconds, in thin early Asian trade.
However, Thomson Reuters, which owns the Reuters foreign exchange brokerage platform RTSL, later said the outlying trade had been cancelled and that the low was revised to $1.1491 - still, the... read more

 
7 October 2016 in Business, Views: 40
Source: Reuters
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