NewsFix
Would you like to react to this message? Create an account in a few clicks or log in to continue.

English-language debate on news, current affairs, politics, ideas and more around the world.


Pound To Euro Exchange Rate Falls Following Brexit Bill Passage

2 posters

NewsFix :: News :: General News: U.K. and Republic of Ireland

Go down

Pound To Euro Exchange Rate Falls Following Brexit Bill Passage Empty Pound To Euro Exchange Rate Falls Following Brexit Bill Passage

Post by Guest Tue Mar 14, 2017 10:30 am

Sterling has weakened against the Euro and US dollar after Prime Minister Theresa May was granted authority to trigger Article 50 on Monday, commencing the formal process for Brexit.

The pound fell to its lowest level against the Euro since 20 January, down by 0.63 percent at €1.1398 in early trading on Tuesday. 

And the currency fell as much as 0.5 percent against the dollar to $1.2153, Bloomberg reported.
The fluctuations in the value of the pound since the June 2016 EU referendum has made converting Sterling into foreign currency a more expensive task than it was this time last year.

The currency flux has increased prices for a range of everyday goods and services.
Ikea’s boss told HuffPost UK last year that the firm could not rule out post-Brexit price rises if tumultuous currency rates continued.



http://www.huffingtonpost.co.uk/entry/pound-to-euro-exchange-rate-falls-today-following-brexit-bill-passage_uk_58c7ae6ae4b0598c66994975?utm_hp_ref=uk

Guest
Guest


Back to top Go down

Pound To Euro Exchange Rate Falls Following Brexit Bill Passage Empty Re: Pound To Euro Exchange Rate Falls Following Brexit Bill Passage

Post by Tommy Monk Tue Mar 14, 2017 10:11 pm

Yawn...
Tommy Monk
Tommy Monk
Forum Detective ????‍♀️

Posts : 26319
Join date : 2014-02-12

Back to top Go down

Pound To Euro Exchange Rate Falls Following Brexit Bill Passage Empty Re: Pound To Euro Exchange Rate Falls Following Brexit Bill Passage

Post by 'Wolfie Wed Mar 15, 2017 2:38 am

cyclops

"Every cloud has a silver lining".

It might be bad news for British importers and consumers, and any Brits planning to head overseas at the moment..

But at the same time it is good news for the British Tourism industry (making Britain look better to inbound foreign tourists;  and at the same time keeping more Brits at home..),  and exporting sectors (such as Agriculture and Manufacturing..), and the guvm'nt won't mind if it might help to reduce the UK's foreign debt levels as well...
'Wolfie
'Wolfie
Forum Detective ????‍♀️

Posts : 8189
Join date : 2016-02-24
Age : 66
Location : Lake Macquarie, NSW, Australia

Back to top Go down

Pound To Euro Exchange Rate Falls Following Brexit Bill Passage Empty Re: Pound To Euro Exchange Rate Falls Following Brexit Bill Passage

Post by Sponsored content


Sponsored content


Back to top Go down

Back to top

- Similar topics

NewsFix :: News :: General News: U.K. and Republic of Ireland

 
Permissions in this forum:
You cannot reply to topics in this forum