Sterling's recent rally against the euro came to an abrupt halt this morning following Mark Carney and Theresa May's speech in which it was empathised that the performance of the UK economy will hinge on on-going Brexit negotiations.
On the 20th anniversary since the Bank of England were given the right to set interest rates Theresa May was quoated as saying "the British people should never forget the vale of the free market". She was also quick to emhasise her determination to be tough on public spending.
Following the speech the pound took a tumble to fall from yesterday's high of 1.1433 to reach this mornings low of 1.1347.
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Labels: Bank of England, Best Exchange Rates, Currency, Euro, GBP/EUR, Pound