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Stock impact report

Hot summer ahead for sterling as UK economy, politics go sour Jul 11 2019 [Reuters]

The Bank of New York Mellon Corporation (BK) 
Last the bank of new york mellon corporation earnings: 4/16 06:30 am Check Earnings Report
Company Research Source: Reuters
Hot summer ahead for sterling as UK economy, politics go sour - Reuters 7 Min Read LONDON (Reuters) - Even after losing almost 20% of its value since the 2016 Brexit referendum, Britain’s pound continues to be dogged by economic, politic and diplomatic pressures, meaning investors now fear it could be in for another chaotic lurch lower over the summer. With sterling still acting as the clearest expression of financial markets’ take on Brexit risks, another currency storm is brewing a little over three months before the third Brexit deadline of 2019. The favourite to be next prime minister, Boris Johnson, sees that Oct. 31 date as set in stone, regardless of whether or not a deal is achieved with the European Union. Economic soundings too have turned ugly again as factories, builders and retailers freeze and Bank of England chief Mark Carney - tipped by some as the next International Monetary Fund head - appears to have backed down on his relatively hawkish stance on further interest r Show less Read more
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