Home UK Business Pound falls lower against the dollar and euro

Pound falls lower against the dollar and euro

UK Business 2018/08/08 at 3:30 PM
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Sterling also hit a nine-month low against the euro, and was down against the yen and Swiss franc.

Bank of England governor Mark Carney said on Friday the chances of a no-deal Brexit were “uncomfortably high”.

On Sunday, international trade secretary Liam Fox put the odds at “certainly not much more than 60-40”.

The falls come despite a rise in UK interest rates, which usually pushes up the value of sterling.

Since the beginning of the month, the pound has fallen 1.7% against the dollar and 0.8% against the euro.

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Source : BBC | Photo credit : Google

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