The pound has strengthened after Prime Minister Theresa May outlined her plans to take the UK out of the EU. Sterling rose sharply when Mrs May started speaking and continued to surge, up 2.4% against the dollar for the day at $1.2332. Against the euro, it added 1.5% to reach 1.1528 euros. At the same time, the benchmark FTSE 100 share index, which was already in negative territory, fell further to stand 0.76% lower at 7,271.57.
Yes, the pound has definitely surged, all the way from $1.20 to a whopping $1.23. Fantastic news, but seeing as it was up at $1.49 before the referendum, I wouldn't crack out the champagne just yet.
Yes, the pound has definitely surged, all the way from $1.20 to a whopping $1.23. Fantastic news, but seeing as it was up at $1.49 before the referendum, I wouldn't crack out the champagne just yet.
You Remoaners can't ever stop the anti Brexit, talk down your own country spinning can you?
This is the biggest one day rise in nearly a decade!
I wouldnt get carried away over one days trading, still a long way to go before it reyrns to the $1.50 level it was before the referendum.
Typical BBC spin.
The headline is "Pound gains but FTSE falls"
No mention up until then that the FTSE was at record levels. Some profit taking is given an equivalence to a record breaking day for sterling. The extraordinary extent of which is not mentioned.
No mention up until then that the FTSE was at record levels. Some profit taking is given an equivalence to a record breaking day for sterling. The extraordinary extent of which is not mentioned.
Same old anti Brexit, biased BBC. Always lying!
You are being really pathetic. It is one days trading.
The headline is factual, why do you need any spin on it?
It was overvalued before, it corrected too sharply, now it is undervalued.
You do realise that the price of sterling is controlled by currency speculators, right?
What fell will eventually rise when they cover their short?
This is directly contradictory to your overjoy of seeing the pound strengthen by a couple of cents. Which reinforces my first point which is that brexiters get excited over the smallest and most negligible things. So out of touch.
This is directly contradictory to your overjoy of seeing the pound strengthen by a couple of cents. Which reinforces my first point which is that brexiters get excited over the smallest and most negligible things. So out of touch.
Thanks for that, you played yourself : ))))))))
No, I am just intellectually honest.
It is a Leave trait. You Remoaners and your friends in the BBC and the Guardian are the liars and spinners.