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Brexit hits: sterling at 3-year low against the euro

New tensions on the currency markets after the announcement that by the end of March Great Britain will start the procedures for leaving the EU.

Brexit hits: sterling at 3-year low against the euro

The news on Brexit sinks the pound, which today reaches new lows for three years against the euro and for three months against the dollar: respectively at 0,8747 pounds for one euro and 1,2846 dollars for one pound.

“The pound's low was reached this morning in a context of very low liquidity – says Mitsuo Imaizumi, strategist at Daiwa Securities -. There is still plenty of time for investors to buy back the currency."

La British Prime Minister Theresa May yesterday announced that it will start the process of leaving the EU by the end of March.

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