Clouds of uncertainty continue for Sterling as Theresa May announces resignation

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Theresa May’s decision to step down as Prime Minister is hardly surprising, given her inability to get a Brexit deal through parliament as well as the speculated losses her party are thought to have incurred during the ongoing European Parliament elections.

Markets had already priced in the likelihood of a change at 10 Downing Street, which has contributed to the dismal performance of Sterling this week, earning the distinction of the worst performing G10 currency this month with suffered losses at 3%.

The growing uncertainty over who will next steer the Brexit process further… Read More:

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