Sterling slips after best day in three months

Sterling slips after best day in three months
 

Sterling slipped back a little on Wednesday after its strongest one-day gains in over three months on a trade-weighted basis, having been boosted after a UK government lawyer said parliament would have to ratify any deal to take Britain out of the EU.
Having fallen to a record low last week on worries that Britain would undergo a "hard" exit from the European Union, in which access to the single market was sacrificed for the sake of tighter controls on immigration, the Bank of England's trade-weighted sterling index jumped 1.4 percent on Tuesday.
Against the dollar, it reached a... read more

 
19 October 2016 in Business, Views: 33
Source: Reuters
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