was successfully added to your cart.

FX Realities, Post Brexit

By July 1, 2016CMF Blog

The papers have been covering the decline in the British Pound of 9.3% over the past several days as the “lowest since the eighties” and the five-year chart shows this to be true.

What the papers have not been covering, and what is arguably more important for Great Britain’s economy is the value of the British Pound to the Euro, which is down only 3.0% since June 24th and, if you look at the Pound to Euro chart over the past five years, you will see that the Pound today is trading at about its average, €1.25.

Interested in sharing?Email this to someoneShare on LinkedInTweet about this on TwitterPrint this page