The Great Britain pound continued to move lower against the US dollar today after demonstrating the biggest one-day loss since February yesterday. Surprisingly enough, the currency performed even worse than the euro.
The pound sank 1.1% yesterday after the news about bombing in Brussels and extended its move down today. One could have though that the euro would be hit harder by the news, but it was not the case as the sterling dropped against the shared 19-nation currency as well. Analysts explained the puzzling behavior of the currency by the fact that the event supported the case of an exit of Britain from the European Union.
GBP/USD fell from 1.4212 to 1.4160 as of 10:31 GMT today. EUR/GBP ticked up from 0.7888 to 0.7898.
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