More NewsBarclays Stockbrokers say Currency Investors Take Advantage of Slide in Sterling

Barclays Stockbrokers say Currency Investors Take Advantage of Slide in Sterling

With the UK pound dropping to a record low against the euro on 1 September and falling to a two and a half year low against the US dollar yesterday, currency investors are capitalising on this by trading heavily in GBP/USD. Barclays Stockbrokers saw 86% of all trades in this currency pair on 1 September while the pound was falling dramatically. Barbara-Ann King, head of proposition at Barclays Stockbrokers, commented: “We have seen a shift in client sentiment over the last few weeks with some clients selling sterling against a variety of currencies as the UK economy continues to face challenging times.

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