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Pound Sterling in Free-Fall

More GBP losses to come says analyst. – Sell-off triggered by Gove comments that 'no deal' highly likely. The British Pound has come under significant selling pressure against the Euro, Dollar and other major currencies on Monday, July 29. Declines of more …Read more





Pound sterling second worst performing currency in the world today pipped only by the Madagascan Ariary

Only the Madagascan Ariary performed worse than the British pound today as sterling slipped into free-fall Declines of more than 1 per cent were seen against major currencies as the UKs new Prime Minister Boris Johnson cements his administrations
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Trying to make sense of a free-fall in the British pound

This devaluation has been greater in scale than Black Wednesday in 1992 Harold Wilsons pound in your pocket debacle of 1968 and Ramsay MacDonalds decision to exit the gold standard in 1931 However this does not mean that sterling is a no-brainer buy
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Pound in Free Fall on Election Jitters

The free fall in the Pound is seen as a result of heightened uncertainty over GBPUSD however breaks through 12844 near term support today on broad based weakness in Sterling This is seen as a sign of near term trend reversal
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The Sterling Crisis Pound goes into free fall

THE GOVERNMENT last night abandoned its long struggle to keep the pound in the European exchange rate mechanism leaving the foreign exchange markets free to push the currency down in a de facto devaluation Norman Lamont the Chancellor had vowed not to
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Pound plunges to two-year low on no-Brexit fears

London Sterling plunged to 28-month lows and headed for its All the stops are out and the pound is now in free fall Neil Wilson an analyst at online brokerage Marketscom said adding the pound could tumble all the way to US121 if the US122
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Pound plunges towards 122 prices rising chance of no-deal Brexit

LONDON Reuters – Sterling plunged to 28-month lows on Monday and headed All the stops are out and the pound is now in free fall Neil Wilson an analyst at online brokerage Marketscom said adding the pound could tumble all the way to 121
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