Photographer: Andrew Brookes/Getty Images/Cultura

Pound Falls to 2009 Low With Market Turmoil Seen Hemming in BOE

  • Sterling weakens against most of its 16 major counterparts
  • Deutsche Bank sees pound falling to $1.15 by end of 2017

The pound sank to its lowest level since March 2009 amid concern that instability in global equities and emerging markets would further hamper the Bank of England’s ability to tighten monetary policy.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.