While the British currency falls to a historic low the rest of the world gets a strong kick. European stocks propel into new highs along with the Dollar index. Even the housing market in the UK seems to forget Brexit happening.
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The composite PMI in the 19-countries expanded to a 53.3 point in August as the European shared currency fell against the Dollar.
The Pound is set for further declines as BoE meet on Thursday and policymakers are expected to extend the easing and cut interest rates in response to the potential negative impact of Brexit.