Sterling nears 10-year low as UK GDP shrinks

Sterling skidded again yesterday, almost equalling a 10-year low against the euro, after an unexpected second quarter contraction in the UK economy alarmed investors already fretting that the UK is headed for a no-deal Brexit.

Sterling nears 10-year low as UK GDP shrinks
Sat, 10 Aug, 2019 - 07:30

By Olga Cotaga and Tommy Wilkes

Sterling skidded again yesterday, almost equalling a 10-year low against the euro, after an unexpected second quarter contraction in the UK economy alarmed investors already fretting that the UK is headed for a no-deal Brexit.

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CourtsPlace: UKPlace: SchrodersPerson: SterlingPerson: Olga CotagaPerson: Tommy WilkesPerson: Boris JohnsonPerson: JohnsonPerson: Azad ZanganaPerson: Adam ColePerson: Geoffrey YuEvent: BrexitOrganisation: UKOrganisation: UK’sOrganisation: Office for National StatisticsOrganisation: EUOrganisation: BNP ParibasOrganisation: RBC Capital MarketsOrganisation: Bank of EnglandOrganisation: UK Investment OfficeOrganisation: UBS Wealth ManagementOrganisation: Reuters
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