Sterling's outlook lost some of its sheen in the past month after uncertain...
LONDON - Sterling’s outlook lost some of its sheen in the past month after uncertainty surrounding Britain’s departure from the European Union was extended and recent data has highlighted a struggling economy, a Reuters poll found.
Following the June 2016 referendum the pound sank, as was predicted in Reuters polls ahead of the vote. It was trading around $1.30 on Thursday, much weaker than the $1.50 rate before the decision to quit the EU. But that postponement has left consumers, businesses, investors and market speculators in limbo as they still don’t know under what terms the two sides will part ways - although a Reuters poll last month said they will eventually reach a free trade deal. [ECILT/GB]
“Any move that markets view as increasing the probability of a no-deal Brexit could see sterling come under pressure.” “But the extension of Article 50 out to October 31 means that the relief rally in the currency is set to come later than our previous forecast.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sterling outlook loses shine as Brexit uncertainty prolonged: Reuters pollSterling's outlook lost some of its sheen in the past month after uncertain...
Read more »
Labour sticks to second Brexit referendum stanceBritain's opposition Labour Party resisted calls to unconditionally embrace...
Read more »
Labour Party sticks to Brexit policy on second referendum - sourceBritain's main opposition Labour Party will back the option of a public vot...
Read more »
Map of landmines: How Brexit might help the Scottish independence questScottish First Minister Nicola Sturgeon's plans to lead her nation to indep...
Read more »
UK govt must move on Brexit red lines in talks with opposition - LabourTalks between the British government and the opposition Labour Party aimed at fi...
Read more »
Coming week will be important for Brexit negotiation - EU's BarnierThe outcome of talks between British Prime Minister Theresa May's governmen...
Read more »
Coming week will be important for Brexit negotiation: EU's BarnierThe outcome of talks between British Prime Minister Theresa May's governmen...
Read more »
New IRA says Brexit has provided it with opportunity: Sunday TimesBrexit has provided the militant Irish nationalist group that admitted killing j...
Read more »
UK government must move on Brexit red lines in talks with opposition: LabourTalks between the British government and the opposition Labour Party aimed at fi...
Read more »
UK government must move on Brexit red lines in talks with opposition - LabourTalks between the British government and the opposition Labour Party aimed at fi...
Read more »
Danish fishing communities fear Brexit could sink themIn the small fishing town of Thyboron on the northwestern coast of Denmark, many fishermen worry the British waters they have become increasingly dependent on will be out of reach when Britain leaves the European Union.
Read more »