Latest Breaking News

jpak

(41,758 posts) Mon Jul 29, 2019, 04:41 PM Jul 2019

Pound sinks to 28-month low on Brexit fears

Source: BBC

The pound sank to a 28-month low against the dollar as Boris Johnson's government toughened its rhetoric on Brexit.

Sterling dipped 1.1% to $1.2242 and €1.1004 respectively.

The currency could fall further, according to analysts at ING Group, as traders appear to have been betting on a last-minute deal being reached.

Many business lobby groups have asked that no-deal be withdrawn as an option to keep investment flowing into the UK.

<more>

Read more: https://www.bbc.com/news/business-49156403

7 replies

= new reply since forum marked as read

Highlight:

Pound sinks to 28-month low on Brexit fears (Original Post) jpak Jul 2019 OP

Looks like the floor Wellstone ruled Jul 2019 #1

Takes a lot of different kinds of stupidities, etc., to make a mess like this. empedocles Jul 2019 #2

Sure has. Wellstone ruled Jul 2019 #4

AS the world turns into a future depression......................Good old Boris and his nationlist turbinetree Jul 2019 #3

I don't know if anyone watches currency exchanges, but 1.1% is a massive move. GETPLANING Jul 2019 #5

121.26 before a slight bounce nitpicker Jul 2019 #6

It sounds like melm00se Jul 2019 #7

Wellstone ruled

(34,661 posts)

1. Looks like the floor

Reply to jpak (Original post)

Mon Jul 29, 2019, 05:00 PM

Jul 2019

is not in site. My guess is,the previous prediction of the loosing 25% of it's value is going to be the Halloween Nightmare the Brits are not prepared for. Next is to watch the break up of the UK.

empedocles

(15,751 posts)

2. Takes a lot of different kinds of stupidities, etc., to make a mess like this.

Reply to Wellstone ruled (Reply #1)

Mon Jul 29, 2019, 05:28 PM

Jul 2019

[In US dollar terms the pound has lost a 1/3 of its purchasing power with this Brexit stroke . . . of genius!

Wellstone ruled

(34,661 posts)

4. Sure has.

Reply to empedocles (Reply #2)

Mon Jul 29, 2019, 05:41 PM

Jul 2019

Another aspect that popped this AM was,the hard truths about Foreign Investment in any type of Manufacturing in the good old USA. As long as Light Finger Donnie is around and playing his Isolationist Game and Tariff's,it is called dead money. The Brits are in for some mega Reality unemployment in ninety days with the Clown that is running their show.

With Karney on his way out,it is only going to go from Ugly to Extremely ugly.

turbinetree

(24,703 posts)

3. AS the world turns into a future depression......................Good old Boris and his nationlist

Reply to jpak (Original post)

Mon Jul 29, 2019, 05:38 PM

Jul 2019

practices are going to come back and haunt not only Britain or the UK as it is now known, but the world ..............this economic blackmail being foisted on Ireland is not going to work and then the domino effect takes hold, resign Boris...................