{"id":92147,"date":"2016-06-30T06:21:38","date_gmt":"2016-06-30T10:21:38","guid":{"rendered":"http:\/\/countingpips.com\/?p=92147"},"modified":"2016-06-30T06:21:38","modified_gmt":"2016-06-30T10:21:38","slug":"tentative-recovery-for-battered-pound-modest-deterioration-for-dollar","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/06\/tentative-recovery-for-battered-pound-modest-deterioration-for-dollar\/","title":{"rendered":"Tentative recovery for battered pound, modest deterioration for dollar"},"content":{"rendered":"
June 30, 2016<\/div>
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Article by ForexTime<\/a><\/p>\n

Among the currencies hit by the after-shock of Britain\u2019s vote to leave the EU, the dollar appears to be faring well, despite a small dip in Thursday\u2019s Asian session, while the sterling received the biggest blow but is cautiously recovering.<\/p>\n

The pound is projected to lose over 7% this month, despite a small increase to $1.3456, significantly up from Monday\u2019s $1.3122, during which the pound touched a low point previously experienced 31 years ago.<\/p>\n

British politics are still in turmoil and the precise terms of the Brexit process have yet to be announced, leaving investors with high hopes but low certainty.<\/p>\n

Meanwhile, the dollar dropped by 0.1% in the dollar index, which indicates its value relative to a group of six trade partner currencies and it is predicted to face an overall 0.2% loss this month.<\/p>\n

Against the Japanese yen, considered a safe-haven currency, the dollar was down 0.1%, remaining a safe distance above it\u2019s Friday low of 99.00.<\/p>

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The appreciation of the yen, associated with times of global risk, is not welcomed by Japan, and adds on to fears of weakening industrial output and a reduction in exports.<\/p>\n

The euro, which peaked on Monday at 83.80 pence, is also crawling down, now at a slightly lower 82.67 pence. This small dip is additionally apparent against the dollar, as the euro currently stands at $1.1116, after a 0.1% decrease, which is also the expected total monthly loss.<\/p>\n

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\"Forex-Time-Logo\"Article by ForexTime<\/a><\/span><\/strong><\/p>\n

ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Article by ForexTime Among the currencies hit by the after-shock of Britain\u2019s vote to leave the EU, the dollar appears to be faring well, despite a small dip in Thursday\u2019s Asian session, while the sterling received the biggest blow but is cautiously recovering. The pound is projected to lose over 7% this month, despite a […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-92147","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/92147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=92147"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/92147\/revisions"}],"predecessor-version":[{"id":92168,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/92147\/revisions\/92168"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=92147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=92147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=92147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}