Sterling Slips
World Economy

Sterling Slips

The sterling slipped against the euro and dollar on Wednesday, with investors worried that the latest polls still show Britons who want to leave the European Union at a referendum in June neck-and-neck with those who want to stay, CNBC reported. The pound had fallen some 7% between mid-November and mid-April, when it made a substantial recovery after US President Barack Obama stepped in on the side of the “In” campaign, saying Britain would be at the “back of the queue” for any transatlantic trade deal. But with surveys conducted since Obama’s intervention still pointing towards a very closely fought referendum on June 23, and with only six weeks until the ballot, investors have started to become more worried about the risks. A poll from market research company ICM on Monday showed 46% of those likely to vote wanted to leave, compared with 44% who wished to stay and 11% who were undecided. Sterling was down 0.3% against the euro at 78.98 pence. Against the dollar it was down 0.1% to $1.44.


Short URL : http://goo.gl/WAfUcU
  1. http://goo.gl/H3yCeH
  • http://goo.gl/NgvFfC
  • http://goo.gl/B0qNUZ
  • http://goo.gl/KQRJHP
  • http://goo.gl/x1b6qE

You can also read ...

Qatar Capable of Overcoming Siege Challenges
Qatar affirmed its ability to overcome the challenges of the...
Japan Inflation Inches Higher
Japan’s inflation picked up slightly in June, largely because...
Apple Inc won guarantees from the Trump administration that its lucrative iPhones would ship from China  without being subject to tariffs.
Big companies in the United States from Amazon.com Inc to...
Today, income inequality in the US is greatest among Asians. Asians displaced blacks as the most economically divided racial or ethnic group in the US.
The rich are getting richer and the poor are getting poorer in...
State-Actors Likely Behind Singapore Cyberattack
State-actors were likely behind Singapore’s biggest ever...
Growing Inflation Looms Large Over India’s Economy
From rising crude oil prices to a poor start to rice-planting...
S&P Affirms Russia’s Stable Outlook
Standard & Poor’s said in a statement on Friday that it...
Argentina Making Fiscal Progress
Argentina is “unequivocally” making progress on its goals to...