Sterling tumbles to lowest since October after Carney's statements
2017-01-11 17:25:52 GMT (Economies.com)
Sterling tumbles to lowest since October after Carney's statements

Sterling fell on Wednesday to a 3-1/2 month trough after Bank of England Governor Mark Carney warned from the consequences of Britain's exit from the European Union on the Eurozone.
 
GBP/USD last traded at 1.2085, down from the opening of 1.2181, with an intraday high at 1.2204, and the lowest since October at 1.2044.
 
Sterling's drop came after BoE Governor Carney's statements during a Q/As session in the British Parliament, warning that the financial consequences of Britain's exit from the EU would be quite negative on the Eurozone.
 
Carney also said Britain would suffer as well financially but it won't be as bad as the Eurozone's, due to the importance of Britain's financial services sector to the Eurozone, but today's comments forced both the euro and sterling down.

On the other hand, the dollar rose against main currencies today as markets brace for U.S. President-elect Donald Trump's speech today, heaping pressure on other rivals such as the pound.

 
 
 
  Symbol Last Change Chg.%
1.0798
0.0014
0.1340%
1.2474
-0.0047
0.3730%
17.748
0.163
0.927%
48.125
0.445
0.933%
50.97
0.41
0.81%
1245.330
0.060
0.005%
 
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