Pound live: Strategist has SHOCK warning as sterling DROPS amid Brexit chaos | City & Business | Finance

The escalation of fears surrounding a no deal Brexit is said to be one of the causes of the low trading rate seen on pound sterling this week. Foreign exchange strategist at ING Viraj Patel said the current political stalemate surrounding Brexit has led to investors to turn short-term bearish on the pound. Viraj Patel, FX strategist at ING, told Bloomberg: “I think the pound is going to take its cue from what the Government does. So it’s ultimate faith is in what the Government has to say. “I think the…

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