Economic news

Sterling drops after Northern Ireland's DUP statement

On Thursday the British pound floundered on blurring desires for a Brexit agreement.

poundPhoto: Flickr

Sterling slipped after Northern Ireland's Democratic Unionist Party said it couldn't bolster the Brexit agreement as it at present stands.

The pound slid as much as 0.6 percent to $1.2748, and furthermore declined 0.5 percent against the common currency to as low as 86.81 pence, before steadying and recovering a portion of those declines.

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    The data on sterling is changing two or three times a day, it is already a risk-on assets in my opinion, two weeks before Brexit, and we will witness the sharpest drop of the currency.

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