Sterling plummets after Brexit vote


THE value of the pound fell dramatically on Tuesday morning as the House of Lords approved the terms of the Brexit Bill, which will pave the way for Prime Minister Theresa May to trigger Article 50.

Sterling has fallen to 1.14 against the value of the euro while its value against the dollar has dropped to 1.21.

The pound’s fall is in part due to delayed investor reaction to yesterday’s news, when Scotland’s First Minister outlined plans to launch a second independence referendum, as well as news from Downing Street that the Prime Minister would trigger Article 50 at the end of March.

Brexit negotiations had been expected to commence this week, but plans to do so at the end of the month will allow the Dutch elections and the EU’s 60th anniversary to take place without being overshadowed by Article 50.

© No part of this web site may be reproduced without written permission from the publishers. All rights reserved. Todos los derechos reservados.


Please enter your comment!
Please enter your name here

We welcome comments from readers on our website and across our social networks. We invite you to discuss issues and share your views and we encourage robust debate and criticism provided it is civil.

However we reserve the right to reject or edit comments that:

• Contain offensive language
• Include personal attacks of any kind
• Are likely to offend or target any ethnic, racial, nationality or religious group
• Are homophobic, transphobic, sexist, offensive or obscene
• Contain spam or include links to other sites
• Are clearly off topic
• Impersonate an individual or organisation, are fraudulent, defamatory of any person, threatening or invasive of another’s privacy or otherwise illegal
• Are trolling or threatening
• Promote, advertise or solicit the sale of any goods or services

You grant us a non-exclusive, royalty-free, perpetual, worldwide licence to republish any material you submit to us, without limitation, in any format.