pound: But sterling has dropped 2.9% this month against the US dollar and is the worst performer of the world's 10 major currencies, according to CNN. It's also been on a losing streak against the euro, and there's little sign of the pressure easing up any time soon. The pound edged higher to almost 1.27 on Friday following May's announcement that she'll step down in June after failing in her bid to secure Britain's exit from the European Union. That's because whoever succeeds May as prime minister will face the same Brexit nightmare. And the current deal, negotiated by May, faces seemingly insurmountable opposition in Britain's parliament. The European Union has said it's done discussing the terms of Britain's departure.
(news.financializer.com). As
reported in the news.
Tagged under pound, performer topics.