While the whole world is going crazy with the unpredicted American newly elect president Donald Trump, British Kingdom has to deal with their own problems.
The UK currency continues its free fall, with Prime Minister Theresa May help. After her recent speech about their position towards the EU, speculations of hard break up continue to worry investors.
Today British pound of sterling was equal to the 1.2203 dollars, after reaching the lowest in ten weeks number 1.2048 dollars.
Meanwhile, in the USA, dollar index went down and lost its position against the basket of six main global currencies. It has dropped 0.8 percent and finally stopped the fall at the 100.98.
Euro went up and gained 0.6 percent thanks to the new low position of the dollar, it was equal to the 1.0645 dollars. Last week it went to the 14-year lows.
The strategist from Tokyo, Ayako Sera says that there are two Trumps – good and bad, for the American and world economy. And who knows will Good Donald coma back till his inauguration.
Investors separated on two different camps. The first one still believe that situation will get clear and there will be help from Donald Trump with new stimulus and all his promises during presidential campaign, and the second group wants to find safe-havens in the Asian-Pacific region and get their hands off the dollar problems, believing that there is no much hope left that American currency will get stronger.
Meanwhile, Canadian and New Zealand dollars went up to its highest positions.