Swiss Economicblogs.org
With the UK set to start talks on leaving the EU, and with the country’s ability to attract funding to cover its current-account deficit uncertain, downward pressure on sterling is likely to continue. Sterling declined by roughly 6% against the US dollar within a few minutes on currency markets on 7 October. Whatever the reasons for the sudden plunge, and although there was a rapid (but partial) recovery in sterling’s value, it is quite worrying to see a major currency moving so much...
Read More »Hard times for sterling
