Sterling falls more against strong dollar, hurt by Brexit, weak outlook | Malay Mail

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LONDON, Sept 3 — The pound fell against the dollar today, extending its losses on a combination of dollar strength and weak domestic factors: the long-term damage to Britain’s economy from the coronavirus and a lack of progress in Brexit negotiations. The Bank of England’s deputy governor,...

Thursday, 03 Sep 2020 04:43 PM MYT

The Bank of England’s deputy governor, Dave Ramsden, said yesterday that the level of British economic output would permanently be about 1.5 percentage points lower than it would be had it not been for the pandemic. “Things are still not looking great as far as Brexit is concerned,” she said, referring specifically to comments by BoE governor Andrew Bailey about a lack of progress on the issue of equivalence for the financial services sector.

 

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