The Pound slumped against major currencies after a terror two terrorist attacks in Brussels left around 30 people dead just 4 months after the deadly attacks in Paris.
At 7.27pm (GMT) the British pound was trading at US$1.42.07c down 1.13 percent from yesterday’s trading.
The attacks in Brussels, which were set off during peak hour caused mayhem in the city and added fuel to the case for the UK to leave the Eurozone in order to protect its borders more thoroughly.
The blasts was the latest saga in a string of bombings after around 130 people were killed in terrorist attacks in Paris just four months ago.
One of the biggest cases for leaving the Eurozone was is the flood of migrants landing on European shores which some Brits fear will cause instability within the UK should the arrivals persist.
Marc Chandler, global head of currency strategy at Brown Brothers Harriman noted that this was a major setback for the Pro European camp as safety is one of the major factors for Brits in deciding whether to leave or remain in the Eurozone,
"The attack in Brussels, on the back of terrorist attacks in Turkey over the weekend ... is bad news for the U.K., because it plays into the hands of those who want to leave, thinking that somehow if they leave they're safe," he said.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this broker. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this broker. Before deciding to trade foreign exchange you should consider whether you understand how CFDs work, your investment objectives, your level of experience and readiness of taking risk. The possibility exists that you could sustain a loss of some or of all of your initial investments and therefore you should not risk more than you are prepared to lose. Please seek independent financial advice if necessary.
|By clicking "Continue" you will be redirected to the website operated by FIBO Group, LTD company registered in BVI and regulated by FSC. Please familiarize yourself with the Customer Agreement through the link. Click "Cancel" to remain on this page.|