Worst four days since June push sterling below $1.23

Worst four days since June push sterling below $1.23
 

Sterling dropped to trade just below $1.23 on Tuesday as senior officials and investors pointed to the potential for more falls in a market still trying to recover from Friday's 10 percent flash crash.
The past four days were the pound's worst since the aftermath of the vote to leave the European Union in June, and Bank of England policymaker Michael Saunders warned a "bumpy" Brexit could sharply reduce British economic growth.
"Given the scale and persistence of the UK's current account deficit, I would not be surprised if sterling falls further, but I am fairly agnostic as... read more

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