Sterling slides to 31-year low against the dollar and five-year low versus euro as fears of a 'Hard Brexit' grow

The pound slid to new long-term lows today as the prospect of a so-called 'hard Brexit' continued to unnerve currency traders.
Sterling at one point slipped below $1.270 for the first time since June 1985, and at €1.131 marked a five-year low against the single currency.
The pound is suffering from worries that Prime Minister Theresa May could take the UK out of the free trade agreement in order to curb immigration. It is feared that wil also put off foreign investment and lead to cutbacks by banks and other global companies. 
That has taken sterling below even the lows it hit in July after... read more

5 October 2016 in Business, Views: 39
Source: Daily Mail

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