How low can sterling go?

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...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post