Does More Pain Lie Ahead For the Pound

The pound may have recovered from its post-Brexit lows, but it’s set to face another round of Brexit heat, analysts said.

In the wake of the U.K.’s late June vote to exit the European Union (EU), the pound tumbled to as low as $1.1450 in an October flash crash.

But the currency recovered from those 30-year lows in the wake of Donald Trump’s surprise U.S. election win, reaching levels above $1.27 in early December. That was up from levels under $1.24 before the election results, potentially on expectations that the president-elect could pursue a “fast-track” trade deal with the U.K.

CNBC

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