How low can sterling go?
In the wake of Brexit, British interest rates have been cut for the first time since 2009. But what next for the pound?
The decision last week by the Bank of England to cut interest rates to 0.25 per cent to offset some of the effects of Brexit caused a large change in currency markets. The Brexit result has caused British purchasing managers’ indices to slide, permanent job placements to fall at their sharpest rate in over seven years, and profit warnings by companies to increase.
Nissan, who famously wrote to the people of Sunderland and explained that most...
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