FX Markets

Politics, economy deal double blow to sterling

  • LinkedIn  
  • Save this article
  • Print this page  
The UK currency was trading at £0.669 against the euro on Friday, from £0.66 earlier in the week. At the start of 2003, the pound was trading at £0.64 against the single currency.

"It’s been a nasty week for sterling," said one FX trader at a UK bank in London. "We are getting back to levels not seen since 1999."

The market is concerned over splits in the UK government in relation to a potential war with Iraq. In addition, the question is being raised as to whether the UK should continue to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

Copyright Infopro Digital Limited. All rights reserved.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

Copyright Infopro Digital Limited. All rights reserved.

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

To continue reading...

Follow Topics

Most read

  1. Bank FX teams eye slice of crypto derivatives action
  2. Debate erupts over bitcoin’s US reg status
  3. Regulators moot public utility to tackle settlement risk
  4. China netting: industry raises concerns on cross-border trades
  5. Argentine central bank orders foreign exchange sales

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: