UNITED KINGDOM: Pound Reaches New Low

On 7 October, FactSet announced the British pound fell six percent. The pound went from $1.2600 to $1.1789, an all-time low in the last three decades. Since the announce of the British exit from the European Union, the pound has fell a total of 17 percent. UKForex analyst Alex Edwards predicted the pound would continue to fall as EU-exit negotiations near.

[Madison Landry, madison.landry.ee@gmail.com]