{"id":38172,"date":"2017-12-15T17:32:40","date_gmt":"2017-12-15T17:32:40","guid":{"rendered":"http:\/\/www.bnreport.com\/the-pound-is-tumbling-heres-why\/"},"modified":"2017-12-15T17:32:41","modified_gmt":"2017-12-15T17:32:41","slug":"the-pound-is-tumbling-heres-why","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/the-pound-is-tumbling-heres-why\/","title":{"rendered":"The pound is tumbling: Here’s why"},"content":{"rendered":"

The pound fell against both the dollar and the euro in lunchtime trading, after European Commission president Jean-Claude Juncker<\/a> warned the next round of Brexit talks will be "harder". <\/p>\n

Sterling was down 0.9 per cent against the euro, at \u20ac1.1298, and 0.8 per cent against the dollar, at $1.3327, despite European leaders giving the green light for Brexit talks to continue to the next stage.<\/p>\n

But comments by Juncker earlier in the day,<\/a> in which he suggested the next round of talks will be "significantly harder than the first and the first was very difficult", caused traders to lose confidence, sending the pound into a spin. <\/p>\n

\u201cThe EU and British government have formally agreed to move the Brexit negotiations onto phase two, but with the European team holding all the cards, it hasn\u2019t been good news for the pound," said Dennis de Jong, managing director at UFX.<\/p>\n

\u201cTheresa May<\/a> arrived in Brussels for talks having already made a number of concessions, and after her government\u2019s humiliating defeat on a Brexit vote in parliament on Wednesday night<\/a>, any strength she may have had at the negotiating table has been lost even further. Traders have reacted as they have throughout the Brexit process, with sterling sliding this morning against the dollar and the euro.<\/p>\n

\u201cWith a long road, and potentially even more chastening days ahead for May, expect the pound to continue to suffer as talks carry on into the new year.\u201d<\/p>\n

Read more<\/strong>: Sterling set to sail through choppy waters in 2018<\/a><\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

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CityAM<\/a><\/h5>\n

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The post The pound is tumbling: Here's why<\/a> appeared first on News Wire Now<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The pound fell against both the dollar and the euro in lunch..<\/p>\n","protected":false},"author":1,"featured_media":38173,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-38172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nThe pound is tumbling: Here's why - Business News Report<\/title>\n<meta name=\"description\" content=\"The pound fell against both the dollar and the euro in lunch..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/the-pound-is-tumbling-heres-why\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The pound is tumbling: Here's why - Business News Report\" \/>\n<meta property=\"og:description\" content=\"The pound fell against both the dollar and the euro in lunch..\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bnreport.com\/en\/the-pound-is-tumbling-heres-why\/\" \/>\n<meta property=\"og:site_name\" content=\"Business News Report\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-15T17:32:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-12-15T17:32:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bnreport.com\/wp-content\/uploads\/2017\/12\/isu-world-figure-skating-championships-2016-day-4-518440246-5a33d6985b3e6.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"839\" \/>\n\t<meta property=\"og:image:height\" content=\"523\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"infopal11\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BNReport\" \/>\n<meta name=\"twitter:site\" content=\"@BNReport\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"infopal11\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/the-pound-is-tumbling-heres-why\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/the-pound-is-tumbling-heres-why\\\/\"},\"author\":{\"name\":\"infopal11\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/19d1c5a2dd7f60584a09de4a7805d68f\"},\"headline\":\"The pound is tumbling: Here’s why\",\"datePublished\":\"2017-12-15T17:32:40+00:00\",\"dateModified\":\"2017-12-15T17:32:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/the-pound-is-tumbling-heres-why\\\/\"},\"wordCount\":281,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/the-pound-is-tumbling-heres-why\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2017\\\/12\\\/isu-world-figure-skating-championships-2016-day-4-518440246-5a33d6985b3e6.jpg\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.bnreport.com\\\/en\\\/the-pound-is-tumbling-heres-why\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/the-pound-is-tumbling-heres-why\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/the-pound-is-tumbling-heres-why\\\/\",\"name\":\"The pound is tumbling: Here's why - 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