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There are many things comes to my mouth but bottom line is GBP also struggling against USD.
Why is the pound falling so sharply?
The value of the pound has been sliding on international currency markets, declining nearly 4% since the start of 2016.
It has been losing ground against the euro for the past eight weeks, its longest downward streak since the single currency was introduced in 1999.
Last week, it hit its lowest level in euro terms for a year. Against the dollar, it has fared even worse, plumbing depths not seen since mid-2010.
Isn't this all rather sudden?
Indeed. As recently as November, the pound was as high as €1.43, but it's been downhill all the way since then. Now it's flirting with the €1.30 mark.
Over the same time period, against the US dollar, it's gone from being worth as much as $1.53 to about $1.43.
That makes it one of the worst performing major currencies, at a time when the UK economy has been considered to be stronger than many of its peers.
After all, it has grown in every quarter since the start of 2013, whereas some eurozone countries are still seeing contractions.
http://www.bbc.co.uk/news/business-35343792
Why is the pound falling so sharply?
The value of the pound has been sliding on international currency markets, declining nearly 4% since the start of 2016.
It has been losing ground against the euro for the past eight weeks, its longest downward streak since the single currency was introduced in 1999.
Last week, it hit its lowest level in euro terms for a year. Against the dollar, it has fared even worse, plumbing depths not seen since mid-2010.
Isn't this all rather sudden?
Indeed. As recently as November, the pound was as high as €1.43, but it's been downhill all the way since then. Now it's flirting with the €1.30 mark.
Over the same time period, against the US dollar, it's gone from being worth as much as $1.53 to about $1.43.
That makes it one of the worst performing major currencies, at a time when the UK economy has been considered to be stronger than many of its peers.
After all, it has grown in every quarter since the start of 2013, whereas some eurozone countries are still seeing contractions.
http://www.bbc.co.uk/news/business-35343792
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