Pound Plunges On Brexit Fears

Pound Plunges On Brexit Fears

So just what kind of hit are we talking about for sterling due to May’s speech, you ask? Well, that of course is impossible to say ahead of time, but you can bet it won’t be pretty and you’d certainly think we’ll see cable react well before the PM actually speaks. That's what I said earlier today with regard to the beleaguered pound which is under tremendous pressure from UK PM Theresa May's commitment to a "hard Brexit." Sure enough, traders have already begun to price in Tuesday's s
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