The
pound posted the biggest decline among major currencies amid
speculation the Brussels terror attacks boost the case of campaigners
who want to see Britain out of the European Union.
Sterling
fell the most in a month versus the dollar as the tragedy risked
turning the U.K. currency into even more of a political football.
Pro-“Brexit” politicians argued that migration leaves Britain vulnerable
to attack, while figures in the opposing camp, including Prime Minister
David Cameron, have said that being part of the economic and political
union aids security. The euro weakened against almost all of its major
peers as investors shed European assets as confidence fell after the
blasts.
Sterling
fell Tuesday by the most among 17 major peers tracked by Bloomberg,
sliding 1.1 percent to $1.4207 and 0.9 percent to 78.92 pence per euro
as of 1:12 p.m. in New York. The shared currency declined 0.3 percent to
$1.1213.
Source: Bloomberg
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