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How Brexit could smash the British pound a second time
Brexit has already slammed the pound once. It could happen again. The currency would be put under severe pressure if Britain crashes out of the European Union next year without striking a deal on trade, according to analysts. "The day after the UK voted for Brexit, the pound suffered the biggest single day loss for a G10 currency in recorded history," said Fiona Cincotta, a senior market analyst at online trading platform City Index. "The pound could potentially replicate this decline." The pound plummeted after Brits voted to leave the European Union, hitting a low near $1.18 against the US dollar in late 2016. ... (full story)
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