Pound euro exchange rate: Post-Brexit ‘tensions’ threaten ‘UK trade’ – …

pound euro exchange rate post brexit tensions threaten uk trade gbp falls

Sumary of Pound euro exchange rate: Post-Brexit ‘tensions’ threaten ‘UK trade’ – GBP falls:

  • “The British pound eventually gave up ground on Wednesday following an increase in tensions regarding post-Brexit UK-EU trade..
  • “Despite the calmness of currency markets of late, sterling volatility crept higher as a result, and GBP/EUR fell under the €1.16 mark on Thursday morning.”.
  • “The pound has been overlooking the UK-EU tensions of late, but the recent standoff about the Northern Ireland (NI) protocol ahead of the key G7 summit this week triggered a wave of sterling selling – dragging GBP pairs lower..
  • “This could result in tariffs and quotas being imposed, which would harm UK trade and probably cause headwinds for the pound..
  • “Eyes are on US President Joe Biden in case he weighs in and suggests a UK-US trade deal could be compromised, which would likely weaken the pound further….

Want to know more click here go to source.

From -
Close
Generic selectors
Exact matches only
Search in title
Search in content
Menu

Site Language


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close