British Pound drops after immigration comment May

- The British pound has fallen again Tuesday. According to traders offering the British prime minister May lack of clarity about the impact of the Brexit calls.

The British pound was 1.3% in value back against the dollar to $ 1.2115 and against the euro, after Prime Minister May it had hinted that immigration restrictions for the British government to be more important than an open market.

Sterling has since the announcement of the Brexit lost 18% of its value against the dollar, 12% against the euro.

British companies exporting and get lots of staff of the continent would suffer under that attitude.

Attempts by May to this view, three months before the start of the Brexit negotiations failed to qualify on Tuesday.

' There is no clear plan and a lack of content, 'currency trader Andrew Sope Nomura summed up the mood.\n  \n  \n   advertisement

Investors would do well to wait until the British government offers more clarity on its plans, said currency trader Jeremy Cook of World First.

All that is relevant is whether the British can continue to act in the European market, says Cook, or the British negotiating trades in this point to keep more immigrants.

The fall of the pound will help the UK markets. The iconic FTSE 100 continued to rise Tuesday. The index working on a nine-day winning streak, accounting for the largest increase since May 1997.

On weekends May reported to the annoyance of the markets that it is unlikely that the British ' components can retain membership 'of the EU. \u0026 Nbsp;

The index is currently gaining ground as the FTSE 100 is full of companies that operate globally, including many multinational miners. Additionally, bargain hunters entered the market, such as the billion acquisition of British chipmaker ARM.

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