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The pound is slightly rising after two weeks of the fall

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The pound is slightly rising after two weeks of the fall

The pound is slightly rising after two weeks of the fall
July 04
10:30 2016

On Monday the pound has stabilized against the background of the statement made by George Osborne, the Minister of Finance of Great Britain, in an interview with the Financial Times about the likelihood of the reduction of income taxes in the country to 15%.
The exchange rate of the British currency has grown by 0.1% to $ 1.3289 after strong fluctuations during the last week. The vibrations were caused by the concern among investors about the prospects of the UK economy after the leaving the European Union. From 23 June, when the exchange rate was $ 1.50, the pound has already fallen by 13%.
After the referendum regarding Brexit, the exchange rate fell to $ 1.3118 a week ago. This is the lowest figure over 31 years.

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