pound to fall
March 26, 2020
Coronavirus is likely to deliver the bloodiest nose to the pound, more so than Brexit and the financial crash of 2008-2009.
The pound dropped to its lowest level on record on Tuesday against the currencies of the UK’s major trading partners.
The Bank of England announced that the exchange rate, which is gauged against a basket of currencies corresponding to Britain’s trade flow, declined to 72.9. There was a slight increase on Wednesday to 74.4.
These
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January 31, 2013
The first month of 2013 has been characterised by its ongoing, and increasing, currency volatility - and this turmoil is likely to ramp up throughout the year and develop into a currency war as more and more countries are likely to adopt a ‘beggar thy neighbour’ policy and move, openly or not, to devalue their currencies in a bid to strengthen their own exports. The first month of 2013 has been characterised by its ongoing, and increasing, currency volatility -
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