Sterling tumbles to 31-year low, oil ticks up



Sterling slumped to a 31-year low versus the U.S. dollar on Tuesday as concerns over Britain's separation from the European Union were compounded by the renewed strength of the greenback on a recent string of better-than-expected economic data.
Despite the dollar strength, both Brent and U.S. crude added slightly to recent gains that have come on bets that OPEC and non-OPEC oil producers could reach an agreement on limiting production.
Sterling hit its weakest since 1985, pressured by a growing sense that Britain may be heading for a "hard" exit from the EU where it severs links... read more

 
4 October 2016 in World News, Views: 49
Source: Reuters
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