Sterling Slips To 11 Month Low On Uncertain Brexit Deal – 6 August, 2018

Without a clear exit strategy from the European Union and growing concerns of a Brexit strategy, sterling fell to an 11 month low, just eight months before the divorce is set to take place. Sterling fell to its lowest since July 19 to $1.2920 and declined 0.4 percent against the euro to 89.33 pence. Many economists think the world’s fifth largest economy could be in serious harm and the EU, Britain’s biggest market, would be subject to tariffs.