You are here:

How Low Can the Pound Go?

How Low Can the Pound Go?

4 Years ago | June 25, 2016 00:00:00

With the UK Brexit vote sending shockwaves through the forex and other markets, a question being asked is how low can the GBPUSD go as forecasts have to be adjusted to account for the new reality?

Why I am using the word shock more than surprise is that financial markets had discounted a vote for Remain and this saw the pound fall from a high just above 1.50 to a low just above 1.32, a 12% range in a matter of hours, which is mammoth by any historical perspective for a major currency. This saw GBPUSD trade to the lowest level since September 1985 before steadying as cent

Please login to read full story. Register if not a member.

Archives 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013
The message from the founder

Click Here

Review our featured articles

Click Here

The Latest Articles
  • Growing Attention On The Slowing Global Economy More ..
  • ECB extends its Easy Money policy Until Mid-2020. U.S. Jobs data Weak. More ..
  • “Transitory” Replaces “Patience” The New Fed Keyword More ..
  • PMIs Can Be A key To Your Trading More ..
  • Preview: U.S. Jobs Report for March 2019 Data. Due 5 Apr 19 @ 12:30 GMT More ..