The drop is the result of growing fears of a so-called "Hard Brexit" and that Britain will be forced out of the European single market during negotiations to leave the EU.
Al Jazeera’s UK correspondent, Barnaby Phillips reports from central London.
Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Showing posts with label currency losses. Show all posts
Showing posts with label currency losses. Show all posts
October 04, 2016
UK: Pound Drops to 31-year Low against Dollar on Brexit Fears
The drop is the result of growing fears of a so-called "Hard Brexit" and that Britain will be forced out of the European single market during negotiations to leave the EU.
Al Jazeera’s UK correspondent, Barnaby Phillips reports from central London.
Labels:
currency losses,
pound sterling,
UK,
US dollar
November 28, 2008
BBC: Russia's central bank increased its key interest rate to 13% from 12% in an attempt to help stop currency losses.
The rouble headed for its largest weekly fall in five years, and has fallen approximately 1.9% this week.
For the second time this week, Bank Rossii, the country's central bank, widened the rouble's trading band by about 1% or 30 kopeks.
Russia's has spent $148bn (£96.4bn) of its foreign currency reserves since August to stop a fall of the rouble.
The central banks aims to keep the rouble stable against a two-currency basket that is made up of 55% US dollars and 45% euros. Against the dollar, it is down 16% since August. >>> | November 28, 2008
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