dollar and sterling

Two Surprises With Different Currency Results

November 30, 2016

2016 will be remembered politically for the British referendum vote in late June to leave the European Union even if such means weaker British economic growth in the long term and the U.S. election in early November of Donald Trump, the significance of which remains quite uncertain. Sterling has fallen, but the dollar has climbed […] More

Sterling’s Been a Much Traveled Currency

August 8, 2016

From $1.5019 in Far Eastern trading early on June 24th just before the Brexit referendum result was known, the pound fell as much as 14.3% to a low on July 7th of $1.2878. It’s unlikely that the drop has run its course. Much will depend on the details of Britain’s departure from the European Union […] More