More Brexit Concerns From The EU Push Pound Lower – 16 September, 2019

Brexit concerns have been the single biggest factor in the British currencies very unstable past year, with the pound falling once again after Luxembourg Prime Minister Xavier Bettel said there is still a wide gap between Britain and the European Union and their ideas for a divorce deal. The pound fell 0.8% to $1.2408, briefly hitting a two month high of $1.25, after Bettel expressed his distrust in British Prime Minister Boris Johnson’s ability to have a deal in place by the scheduled departure on October 31. Against the euro, sterling fell 0.2% to 88.68 pence.