Pound Hits Three Year Low – 3 September, 2019

Investors wasted no time dumping the pound after Prime Minister Boris Johnson threatened to replace lawmakers if they did not back him on Brexit, all which caused the currency to drop to a three year low. The pound fell to as low as $1.1959 bringing the currencies losses since Britain decided to leave the European Union in 2016 to 20%. Without a transition deal, many are worried the British economy will crash on the scheduled October 31 divorce.