Sterling has experienced its longest decline in value since the financial crisis of 12 consecutive days. It fell for 2008 to trade against the dollar at $1.2689 – its lowest level since June 2017. Concerns about the underlying state of the UK economy are being cited as having contributed to the slide, along with a growing concern among traders that the UK will leave the EU without a trade deal next year.
Sterling has experienced its longest decline in value since the financial crisis of 2008. It fell for 12 consecutive days to trade against the dollar at $1.2689 – its lowest level since June 2017. Concerns about the underlying state of the UK economy are being cited as having contributed to the slide, along with a growing concern among traders that the UK will leave the EU without a trade deal next year.