Sterling showed the worst performance between a lot of currencies in the world in October after Brexit developments. We can easily say the market is pricing the latest developments about the results of Brexit. Sterling showed a bad performance against USD after leaving referendum in the month of June. With the speculations that the government will waive about free entry to the European market in the name of immigration control, was effective in the loss of Sterling. The English Sterling, noted the biggest loss seen since June declined 6.2% in this month. Sterling declined by 17% in 2016 which was losing value every month since the month of April.
- Date: 01 November 2016 Tue 14:29
Comment Send
Similar Threads:
-
Non Farm Payrolls Data Announced in the USA
-
Gold exceeded 1.300 USD with election worries
-
Gold started to earn value after conflict conditions and risks
-
Fed officials continue giving interest increase signals
-
Fed increases interest by 25 basis points
-
Consumer confidence rose in the USA
-
FED Interest Expectations are Pricing on the Market
-
Global markets are pricing the increasing house sales data in the USA
-
Developing Country Assets are losing value after FED, China and Oil Developments
-
Employment recovery continues in the USA
- Popular
- Last Added
-
French Presidential elections are affecting the positive atmosphere on Euro
French Presidential elections are affecting the positive atmosphere on Euro... -
Inflation rate is testing record levels in Turkey
Inflation rate is testing record levels in Turkey... -
Non-farm payrolls data of the USA increased
Non-farm payrolls data of the USA increased... -
Fed's politics interest decision gives direction to the global markets
Fed's politics interest decision gives direction to the global markets... -
Oil market is trying to find a direction
Oil market is trying to find a direction at the last times....