Brexit : the prospect of a no deal to drop the pound sterling

Nine days after his arrival to power, the 23 July, the new prime minister has rather weakened the british economy. By claiming loud and clear that his country w

Brexit : the prospect of a no deal to drop the pound sterling

Nine days after his arrival to power, the 23 July, the new prime minister has rather weakened the british economy. By claiming loud and clear that his country will leave the european Union 31 October, with or without agreement with Brussels, Boris Johnson fuels the likelihood of "Brexit" hard. Result, he plunged the pound sterling, which was reached Thursday, to 1,2085 dollar, its lowest level since January 2017 against the u.s. currency.

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The prospect of a separation brutal also weighs on growth. In its report on inflation released on Thursday, the Bank of England is forecasting growth of 1.3% in 2019 and 2020, compared with respectively 1.5% and 1.6 % in its previous survey, conducted in may. It expects a rebound to 2.3% in 2021. But, while in may, it took note of the good health of the Uk economy and the resilience of the global economy, it is pointing ...

Updated Date: 04 August 2019, 00:00

Kathleen Lees

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