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:
-
Global markets are pricing latest American data
-
USA Non-farm Payrolls Data of January Released
-
Oil is continuing its trend over 52 USD level before US stock data
-
Oil prices are taking support from the possibility of OPEC agreement
-
Cocoa prices are losing value constantly
-
Fed officials continue giving interest increase signals
-
Oil Prices are doing an Inflationary pressure on global markets.
-
Global markets are waiting for latest developments
-
Uncertainity continues among Fed members
-
USD/TRY is Testing New Records
- 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....