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Brexit fears hit pound ahead of UK inflation data – business live

Discussion in 'Market News' started by Lily, Jun 14, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Sterling has fallen this morning as the City awaits the Bank of England’s first emergency liquidity operation ahead of the EU referendum

    8.01am BST

    Sterling is starting the morning on the back foot, as traders digest reports of rising panic inside Downing Street about the EU referendum.

    The pound has dropped by over one cent against the US dollar, to $1.4149. That’s close to the two-month low hit yesterday morning (before sterling curiously bounced back).

    And there it is. Pound falls to 2013-low against the Japanese Yen... where does this go? #FibonacciTuesdays #Brexit pic.twitter.com/EUzLFCB1q2

    Bad day for FTSE and sterling me thinks. pic.twitter.com/J3cvvlDui8

    7.37am BST

    Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

    It’s Inflation Tuesday, the time when we find out how the cost of living changed in the UK in the last month.

    Our latest #EUref polling averages:
    Remain: 44.5%
    Leave: 46.7%

    Excluding undecideds:
    Remain: 48.8%
    Leave: 51.2% pic.twitter.com/961tlV0sWA

    Related: Sterling seesaws as Brexit fears grip investors

    Risk is off, yen is up, UK opinion polls make ugly reading & the pound is down. UK CPI, US retail sales today. FOMC tomorrow, BOJ Thurs

    Continue reading...

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