Skip to main content

Posts

Showing posts with the label British Pound vs. Dollar.

British pound at 11-month low versus dollar as Brexit fears flare up I MarketWatch

marketwatch.com British pound at 11-month low versus dollar as Brexit fears flare up Anneken Tappe The British pound slipped to an 11-month low on Monday, on renewed fears of a hard Brexit in May 2019. “The biggest story of the day was the continued slide in cable which hit fresh 11 month highs as it dipped below towards $1.2950 support on renewed fears of a hard Brexit,” wrote Boris Schlossberg, managing director of FX Strategy BK Asset Management. Trade minister Liam Fox in an interview with the Sunday Times ascribed a 60% chance of no deal resulting from Bri