Pound sterling sharply reduces

Pound sterling sharply reduces Decrease expected to continue up to the level of 1.14 USD/GBP
Finance
January 9, 2017 12:42
Pound sterling sharply reduces

Baku. 9 January. REPORT.AZ/ U.K.Prime Minister Theresa May said the UK to leave EU and not accept any condition. Report informs citing the Bloomberg, Theresa May said in an interview with Sky News channel.

Exchange rate of the pound against US-dollar declined by 0.8% up to 1.2180 USD/GBP after an interview with the prime minister where T. May said Britain leaving European Union, not Europe.

"We will control our own borders and our laws. We are leaving the EU. The problem is about the new stage of relations between the EU and the UK", T. May said.

Notably, the British government will begin Brexit discussions at the end of March. The discussions will focus on hard and soft options in relations with the EU.

Analytical Group of Report believes, depreciation of the pound will continue to the level of 1.14 USD/GBP.

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