Strengthening Currencies Bedevil Central Banks - News Summed Up

Strengthening Currencies Bedevil Central Banks


Meanwhile, the Japanese yen, Swiss franc and U.S.... Britain’s vote to leave the European Union has set off a fresh round of currency pressures in the world’s largest economies, further complicating efforts by central banks to spur growth. The pound hit a three-decade low on Monday, and both Standard & Poor’s and Fitch Ratings cut their ratings on the U.K., saying that last week’s vote raises risks to the country’s economy.


Source: Wall Street Journal June 27, 2016 21:44 UTC



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