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The Pound Plummets: What will Happen Next?

  • Written by Ana Estrada
  • Category: Blog

Today, the pound reached the lowest point against the US Dollar since March 2017, amidst political uncertainty and a Brexit negotiation that is still very much up-in-the-air. With GBP/USD hitting 1.221 early Monday morning, sterling has now fallen by 4% in the month of July, as shown on the two-year graph below. Markets are still concerned by the risk of a no-deal Brexit, and the effects that would have on the British economy.

 

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