Brexit: Currencies face and unhealthy wait and see period

The pound still has some distance to fall

10th July, 2016

Uncertainty is a disease in global markets. In many cases the lack of any clear information can be more damaging than the actual facts.

For Britain, uncertainty has had a crippling impact on the value of sterling, which has declined almost 25 per cent against the euro since last July’s lows of sub 70 pence.

In fact, the pound has plummeted on average over 20 per cent against its G10 counterparts in that time frame,...

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