XE Market Analysis: Sterling Slides on Brexit Speculation

OVERVIEW Emerging market currencies are under pressure in the week where Donald Trump will officially become the 45th President of the USA. The IMF raised its economic growth forecasts for the U.S. economy this year by 0.1%, and next year by 0.4%, as it expects Trump’s policy plans to boost activity. In an interview with the Times newspaper, Trump suggested that the US and UK would be able to establish a quick trade deal, and that other countries might follow the UK and leave the EU. HIGHLIGHT Sterling fell 2 cents against the US Dollar as markets began trading in…

Source: XE news feed
XE Market Analysis: Sterling Slides on Brexit Speculation