![]() The Bank of England trade-weighted sterling index relapsed and hit record lows in March and despite a modest recovery since remains 12% weaker than it was before the Brexit vote. The COVID-19 shock to the economy and the prospect of a more protectionist post-pandemic world ask more questions of the country’s future after Brexit, making the prospects of a sustained sterling turnaround this year hard to envisage. presidential election is now emerging as yet another potential drag on a much-unloved British pound.ĭespite brief bursts of optimism in 2017 and after last year’s British election, speculators have been down on the pound since the country voted to leave the European Union in 2016. LONDON, June 26 (Reuters) - With no silver lining in the Brexit cloud weighing on sterling, November’s U.S. (The author is editor-at-large for finance and markets at Reuters News. ![]()
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