Sterling fell 1 percent against the dollar to hit a three-week low on Monday, while the cost of hedging against swings over the coming month traded at its highest since early 2009 on growing concerns over whether Britain will stay in the European Union.
Sterling has been weighed down since late last year by worries that the June 23 referendum on EU membership could lead to Britain leaving the bloc.
Britain's hefty current account deficit - 7 percent of output in the last quarter of 2015 - makes the economy, and the currency, vulnerable to any pull-back in investment flows.
For more real-time news information and reliable NIFTY FUTURES TIPS contact Epic Research.
Sterling has been weighed down since late last year by worries that the June 23 referendum on EU membership could lead to Britain leaving the bloc.
Britain's hefty current account deficit - 7 percent of output in the last quarter of 2015 - makes the economy, and the currency, vulnerable to any pull-back in investment flows.
For more real-time news information and reliable NIFTY FUTURES TIPS contact Epic Research.
Latest Currency Market Updates by Epic Research
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