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
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