Sterling Weakens due to Brexit Uncertainty

Thursday, August 9, 2018
Belsize Accountancy in Euro, GBP, Sterling, UK Economy, US Dollar

Sterling fell to its lowest levels against the Euro and US dollar for approximately a year. It is believed the uncertainty over the prospect of a no deal Brexit is the main driver for the drop in GBP as companies look to hedge their exposure.

GBP fell to a 10-month low of 1.109 against the Euro.

GBP fell to a 12 month low of 1.285 against the US Dollar.

Article originally appeared on Belsize Accountancy (https://belsizeaccountancy.co.uk/).