Sterling Weakens due to Brexit Uncertainty

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.