PM Theresa May’s Departure Leaves A Lot Of Uncertainty – 30 May, 2019

The Brexit crises continues to deepen as Prime Minister Theresa May’s imminent departure stirs up investors jitters, causing the pound to hit an almost four month low against the dollar and euro. Struggles to come to an agreement for the divorce of Britain from the European Union have caused the pound to face many ups and downs over the last few months, and with a new Prime Minister expected to take May’s place by the end of July and continue negotiations, the future of the currency remains uncertain. Against the dollar, the pound was steady at $1.2692, just above a four month low of $1.2605 it hit last week. Sterling was last at 88.15 pence against the euro.