The Pound seems to be in free fall at the moment. Today has been another terrible one for Sterling. At the time of writing GBP/EUR is now down to €1.0970 and GBP/USD is down to $1.2137. The fall could be due to rumours a major Russian bank are going to remove their European Hub from London, raising concerns over the future of the UK financial centres in London.
I'll post a more detailed update tomorrow morning, and in the meantime you can follow live graphs that run 24/7 here.
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Labels: GBPEUR, How low could Sterling fall, London Finance Hub, Pound/Eiro falling