Sterling weak, pinned down near 31-year lows on 'Hard Brexit' concern

Sterling weak, pinned down near 31-year lows on 'Hard Brexit' concern
 

Sterling fell on Thursday, undermined by growing concerns of a 'hard' exit by Britain from the European Union and sidestepping Prime Minister Theresa May's comments on the impact of loose monetary policy.
May, in a speech to the party faithful on Wednesday, raised the issue of the side effects of ultra-low interest rates and money-printing bolstering a view that policymakers are probably reaching a limit to monetary stimulus with benchmark rates in several western countries already at negative levels.
It also led to speculation that the government was probably against further interest rate... read more

 
6 October 2016 in Business, Views: 35
Source: Reuters
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