As Brexit Approaches, Pound Continues To Stumble – 11 February, 2019

A lack of faith in Theresa May’s ability to convince the European Union to accept her Brexit deal cause sterling to dip to a three week low against the dollar as the scheduled divorce day quickly approaches on March 29. Investors fears of a disorderly Brexit caused the pound to drop 0.2 percent to $1.2833, its lowest since January 21. Against a weaker euro, the pound was unchanged at 87.695 pence per euro. The uncertainty has affected Britain’s economy, with last years growth being the slowest since 2012 and is on track to continue to decline with the worst hitting in the final three months.