Thu, 24 Jun 2021 Today's Paper

Pound sinks on uncertainty surrounding Theresa May

7 October 2017 12:00 am - 0     - {{hitsCtrl.values.hits}}

A A A

 

LONDON AFP Oct5, 2017- The British pound sank Thursday as investors fretted over Prime Minister Theresa May’s political future one day after a “shambolic” speech to the Conservative Party’s annual conference, analysts said.   


By about 1515 GMT, sterling had dived to a one-month low at $1.3122.   


Earlier, the European single currency had hit a three-week pinnacle at 89.33 pence per euro.   


 “After Theresa May’s speech at the Tory party conference on Wednesday, there are rumours that she will be asked to step down by her own party,” said City Index analyst Kathleen Brooks.   


 “The prospect of a leaderless UK in the middle of the Brexit process, or even worse, a Prime Minister Boris (Johnson), are right to unnerve sterling traders.” She added that the market “seems to be ignoring some fairly solid economic data, progress in the Brexit talks, and a weaker dollar and euro, in favour of politics”.  

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment


SLPP eats humble pie over fuel price hike statement

The statement put out by SLPP (Sri Lanka Podujana Peramuna) General Secretar

GSP+: Isn’t there a way out?

The European Parliament’s resolution on Sri Lanka on June 10 was the second

Is Litro Gas above the regulator?

After an in-house battle among members of the top management of the Consumer

Statistical blunders expose administrative weaknesses

Information helps save lives and during a pandemic a free-flow of vital, accu



See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.