January 20, 2017

USD Against GBP Exchange Rate

   January 20, 2017

USD Against GBP Exchange Rate

USD_Against_GBP_Exchange_Rate__TMMChart.png

Share this chart

Editor’s Remarks:
The pound has taken a battering over the last six months or so, and the aftermath of Theresa May’s latest Brexit speech is a good point from which to look back. The initial run on the British currency, sparked off by the referendum result, deepened with every tidbit let slip on the UK’s post-withdrawal economic outlook. But currency markets dislike uncertainty more than anything, so May’s ‘12-point strategy’ will likely see some return to stability. There are unlikely to be any major shocks in store for the time being: the Supreme Court decision expected over the coming weeks and a subsequent Parliament vote on Article 50 will see some skittish behaviour but no huge dips, given that strong expectations of a Government defeat and subsequent victory in each case respectively will have been largely priced into the markets. After a plan light on detail, though, questions still hover over the extent to which the UK break from the single market, so the story is far from over for a volatile pound

Get articles like this straight to your inbox each morning with our Breakfast Briefing. Sign up by clicking here!

Log in with your details

or    

Forgot your details?

Create Account

Send this to a friend