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The pound will relive the record-breaking horrors of Brexit night if Britain leaves the EU without a deal

The pound could fall as much as 8% against the dollar if Britain crashes out of the EU with no deal. "I would anticipate at least a reaction to the extent we saw after the referendum," Thu Lan Nguyen, a strategist at Commerzbank, said.

Read more: http://feedproxy.google.com/~r/businessinsider/~3/i6CWzYBwZNE/pound-price-pound-dollar-horror-no-deal-brexit-2018-7

The pound takes a bath after 'terrible' UK retail sales numbers

The Office for National Statistics said on Thursday that retail sales in June grew 2.9% on an annual basis, well under economists' forecasts of 3.9%. Month-on-month growth turned negative, with sales shrinking by 0.5% between May and June. Economists had expected growth of 0.4%.

Read more: http://feedproxy.google.com/~r/businessinsider/~3/RzKb-KaZ4ag/pound-dollar-price-july-19-sterling-dives-after-retail-sales-disappoint-2018-7

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