We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.
Hide

February 2016

Drop in Sterling with renewed lows

Published: Wednesday 24 February 2016

This morning with little data today the focus was still on the drop in Sterling with renewed lows less than $1.39. HSBC stated that Sterling could lose up to 15% of its value and that the UK economic growth could be up to 1.5% lower next year if we vote to leave the European Union in June. They also stated that a vote for Brexit would have potentially huge consequences for all asset classes.
 
Following a vote to leave HSBC think that uncertainty could control the UK economy, causing a potential slowdown in growth and a collapse in Sterling. The focus this afternoon turn to US where new house sales is expected to come in at 522k and crude oil inventories at 3:30GMT, expected at 2.0M. 

Latest FX news by Zeta Webber

Related Articles


Back to the Top