Photo: Leonhard Foeger / Reuters
The pound sterling fell to 1.24 dollar during trading on July 9, according to Bloomberg. This is the lowest figure since April of 2017.
Drop in session amounted to 0.6 percent. The pound to Euro also fell 0.4 percent to of 89.98 pence per unit of European currency.
Quotes of ten-year government bonds the UK has not changed, so that the yield remained at the level of 0.72 percent. In early July it dropped to the lowest since September of 2016.
The interviewed economists attribute the fall of the pound with the General downturn in the British economy. Its performance, especially in retail sales remain at the lowest level since 2012.
Additional risks investors see in the protracted uncertainty around the country’s withdrawal from the European Union and the election of a new Prime Minister after the resignation of Theresa may, and to reduce the Bank of England interest rates. The last factor makes it less attractive investments in government securities.
Video, photo All from Russia.