Economic news

Pound recedes to near lowest of this year due to Brexit issue

British pound slid today to near its worst of 2018 versus the dollar in view of renewed concerns over Brexit talks and comparatively slow wage gains.

The country’s government announced yesterday that in the coming month layout of UK’s relationship with the EU would be issued, looking to find a way out of the stalled negotiations.

Opposing positions in the government as to how the relationship should be built, and numerous complaints on the part of EU saying that the UK has not enunciated its stance, have made investors treat Brexit negotiations as a serious risk for the UK currency, with Brexit scheduled in less than a year.

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