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Pound Is October’s Worst Performer as Brexit Angst Haunts Market

  • Investors to focus on BOE decision, inflation report this week
  • Sterling headed for its worst month since the June referendum
Bloomberg business news

Why Sterling Still Fell on U.K. Economy Expectations Beat

Updated on

The pound is the world’s worst-performing currency this month, trailing behind about 150 peers, as the first signs of how Brexit will look emerged in October.

Sterling posted its biggest monthly decline versus the dollar since the U.K. voted in June to leave the European Union amid speculation that the government is headed for a so-called hard Brexit, where unfettered access to Europe’s single market is sacrificed for immigration controls. The pound dropped after political headlines and comments from lawmakers and central-bank officials underlined its vulnerability as concern about Britain’s exit from the world’s largest trading bloc intensified.