Monday, June 27, 2016

The pound plummeting – down to 30-year low – Business World

The British pound is down to 30-year low, in comparison to the US dollar. Many exchanges will also continue to fall after the country’s decision to leave the EU.

In early trading the pound dropped two percent. The money was moved instead to assets that are otherwise considered to be more secure, such as the yen and gold.

– People find it difficult to grasp what brexit means for the future – we do not know yet how big the impact will be said Steven Barrow, head of Standard Bank Group in London, told Bloomberg News.


No comments:

Post a Comment