had already fallen on Friday to its lowest price; Economy Minister, George Osborne, tried to reassure markets
LONDON: The pound fell again on Monday to its lowest level of the last 30 years against the dollar, because of the uncertainty caused by the Brexit.
9.55 1.3222 marked the British currency against the dollar, its lowest since September 1985. the pound had fallen on Friday to its lowest price in 30 years against the bill green.
Meanwhile, since the victory of supporters of Brexit in the referendum on Thursday, the pound has lost more than 9% against the euro.
the Minister of Economy, George Osborne, tried to reassure today markets by stating that the “strength” of the country’s economy will help tackle the difficulties related to the “brexit”.
in a statement before the opening of the bag Osborne admitted that it is “inevitable” that the economy will have to adjust to the new situation but sent a message to employers that the economy is “fundamentally strong” and is “open for business”.
the minister was scheduled to speak before the opening of markets in an attempt to provide tranquility after the impact of the referendum in which the British decided, for 51.9% of the vote, the United Kingdom leave the European Union and that rocked the financial system on Friday. He had not spoken publicly since.
He also noted that it is “perfectly reasonable to expect a new prime minister” before taking any action and only the UK could begin the process of leaving the EU through . activation of Article 50 of the Treaty of Lisbon
in the process output EU UK said: “only the UK can activate Article 50. And in my opinion, should only do so when there is a clear vision of what the new agreements seek with our European neighbors will be.
“Meanwhile, he stated during the negotiations, there will be no change in the rights of people to travel, work and in the form of marketing of our goods and services or how our economy and financial system is regulated, “he said.
Agencies AFP, EFE and Télam
No comments:
Post a Comment