World, As Seen from the most beautiful islands: Ireland and Cyprus

British pound entered a correction after initial gains


The British pound sterling lost value on Thursday. The euphoria of shortly after the elections in mid-December gives way to concerns about the risk of a no-deal brexit at the end of 2020.

Although trade is thin on Thursday, it can be seen that traders are worried about trade negotiations between the European Union and the United Kingdom. The British give themselves a year to come to a deal. The deadline can be extended, but Prime Minister Boris Johnson does not want that. Warnings that the timeframe would be too short, ignored the British.

The latest figures from the British purchasing managers’ index contributed to the fall in the pound. The data showed that industrial activity in December fell at the fastest pace since 2012. The slowdown in the global economy was a bother to demand, but also to the uncertainty of Brexit.

The British pound was worth $ 1,3206 on Thursday afternoon. Mid-December, shortly after the elections, there was a peak of $ 1.3516.

Written by: Harry Adams

Harry Adams is a political expert who has been working for various publications under pseudonyms for 11 years. He loves sarcasm and a rigid presentation of the material without decorations.

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World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

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