XE Market Analysis: Europe – Jun 18, 2019

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Sterling has hit fresh lows, and the Yen has remained bid amid a backdrop of continued sputtering in global stock markets. The Pound tumbled to fresh five-month lows against the dollar, Euro and Yen. Cable’s low is 1.2512, with the pair showing a week-on-week decline of more than 1.5%. Markets are continuing to adjust to the recent ratchet higher in risks for the UK leaving the EU without an agreement on divorcing terms or an outline for a future trading relationship, which would see the nation adopt trading on WTO terms.