The British pound has lost to the Dollar and the Euro, 1,5 percent of their value. The reason is the announcement by the Prime Minister, Theresa May, the British house of Commons next Tuesday still not on the Brexit Treaty to the vote.

Momentarily, the pound fell to the Dollar to the lowest level since April of 2017, a pound of cost, therefore, 1,2515 dollars.

Also, the Euro came together with the British pound under pressure: The single currency fell after the announcement of Mays to 1,1362 dollars. The European Central Bank (ECB) set the reference rate on 1,1425 (Friday: 1,1371) dollars. The Dollar cost thus 0,8753 (0,8794) Euro.

Bank economists commented that the postponement of the parliamentary vote, and create uncertainty and right, scare the investors. The Prime Minister May now want to travel to Brussels and with the EU on the outlet conditions of Britain from the EU to renegotiate. For the current Deal, you would have received in Parliament, in all likelihood, not a majority.


Sam Yoon has many years of experiences in journalism. He has covered such areas as information technology, science, sports and politics. Yoon can be reached at 82-2-6956-6698.