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Chart of the Day: From the worst to the best

In the week of the week of the referendum, the pound registered its worst weekly performance since the 2008/09 crisis and this week, the pound is on its way to give its best weekly performance since the crisis, thanks to…

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Chart of the Day: From the worst to the best
Chart courtesy: Andrew Rummer, Bloomberg

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In the week of the week of the referendum, the pound registered its worst weekly performance since the 2008/09 crisis and this week, the pound is on its way to give its best weekly performance since the crisis, thanks to the quick appointment of Britain's new Prime Minister Theresa May and as Bank of England (BoE) held the monetary policy steady.

We at FxWirePro,have called for the pound to reach parity against the dollar in the long term.

To read more on Brexit and calls like the above, click here, http://www.econotimes.com/ 

Chart courtesy: Andrew Rummer, Bloomberg

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