After a modestly stronger open, which saw sterling rebound to just under 1.35, the British currency has taken another sharp leg lower in recent trading tumbling another 3%, to a low of 1.3224 - taking out Friday's post-vote lows when the currency plunged over 8% - and dropping to fresh 31 year lows, as it remains under heavy selling pressure as of this moment.

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Topics:  british   lows   currency   
BING NEWS:
  • Timing of first BoE rate cut splits economists between June and Q3
    The Bank of England will wait until next quarter to lower borrowing costs, according to median forecasts in a Reuters poll, although almost half of those surveyed said the central bank would cut ...
    04/23/2024 - 1:07 pm | View Link
  • British Pound Bounces At Downtrend Line, Still Pressured By Rate-Cut Expectations
    Sterling scored a little bounce against the Dollar, but monetary policy expectations will continue to make durable gains tough ...
    04/23/2024 - 2:30 am | View Link
  • Convert United States Dollar To British Pound Sterling
    Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.
    04/21/2024 - 6:10 am | View Link
  • British Pound to Euro Spot Exchange Rates for 2024
    This is the British Pound (GBP ... exchange rate has slipped to fresh 5-month lows at 1.2300 while the Pound to Euro (GBP/EUR) exchange rate has slumped to 3-month lows just above 1.1570.
    12/31/2023 - 11:00 am | View Link
  • British Pound (GBP) to US Dollar (USD) exchange rate history
    The Pound to Dollar (GBP/USD) exchange rate has slipped to fresh 5-month lows at 1.2300 while the Pound to Euro (GBP/EUR) exchange rate has slumped to 3-month lows just above 1.1570. UK's strong ...
    10/22/2023 - 1:00 pm | View Link
  • More

 

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