It looks to me that everything is going from bad to worse.
The Pound’s Pain May Finally Be Coming to an End
What the Brexit referendum took away from the pound, a divorce deal may give back. Aberdeen Standard Investments is betting that sterling could climb to $1.50 -- a level not seen since the 2016 vote -- within three months of a divorce agreement. That would mark a gain of 15 percent from the currency’s current level of about $1.31, a feat only seen twice in the past 50 years: the recovery from the 2008 credit crunch and the 1987 global stock crash. The pound has already gained 3 percent this month as signs emerge of a potential draft Brexit agreement. A pact with the European Union would see Britain embark on a two-year exit ... (full story)
- Posted: Nov 8, 2018 12:53am
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