Time will tell whether we have seen the best of sterling’s rally. Short termers will be banking profits having taken contrarian buys in sectors such as retail.
DOWNLOAD PDF VERSION Current Overview If investors had some comprehension regarding the impact of FX rates on the market before, they now fully understand the importance of this variable. The weakness of the pound has been a semi-permanent feature of market dynamics for an extended period, certainly since the country decided to leave the EU […]
Profits at retailer Sports Direct have plummeted nearly 60% largely as a result of the weaker pound.
Sports Direct chairman Keith Hellawell has narrowly survived an attempt to oust him.
Shares in the e-commerce giant rose nearly 2% to a high of $2,050.50 in morning trade before slipping back.