Sterling…. There is one main topic that’s dominating the headlines in the UK right now; the UK’s membership of the European Union. And inside the City of London, Europe’s largest financial hub, traders are placing their bets on what the outcome of the referendum, which is scheduled for the summer of this year, will bring for the UK and its finances.
Brexit: What You Need To Know About Last Weekend’s Deal
The will they won’t they debate is currently playing out in sterling. The GBP/USD cross (cable) has seen one of its worst performances since the financial crisis this year. Since 19 November, sterling has fallen by 8% against the dollar, and this has occurred despite the fact that there...
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