Sterling hit a five year low against the euro and its lowest on

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canada goose jacket clearance Depending on which part of the financial universe you look at, the outlook for UK Plc following the June 23 vote to leave the European Union can appear equally bright or bleak.Sterling’s plunge makes Britain’s exports more competitive on global markets and is therefore a boost for economic growth. But if sustained, it will fuel inflation and become a source of canada goose outlet http://www.cheapcanadagoose.com Cheap Canada Goose worry at the Bank of England.How does the rest of the world measure Britain’s standing as it prepares to divorce from the EU? Which is more telling: the steep decline in the currency’s value, or the recovery in the stock markets and competitiveness?Below is a guide to what has happened across UK markets and the economy since the Brexit vote, what lies ahead and what it means canada goose outlet for Britain.For full coverage click on the Brexit page:For a weekly round up of Brexit news: hereWHAT HAS THE IMPACT BEEN SO FAR? CURRENCY: SterlingIn early Asian trade on Friday, sterling plunged about 10 percent at one point to $1.1378 from around $1.2600, though the outlying trade was later canceled and the low was revised to $1.1491 still, the weakest level for sterling since 1985.Sterling hit a five year low against the euro and its lowest on a trade weighted basis since January 2009, in the depths of Cheap Canada Goose the Great Financial Crisis. It is within a couple of percent of falling to its lowest since at least the 1970s on a trade weighted basis.Currency traders have shunned the pound on fears Britain could be heading towards a so called “hard Brexit” that will involve a turbulent negotiation with the other 27 members of the EU resulting in Britain losing its preferential access to the EU’s single market while imposing immigration controls. canada goose jacket clearance

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