Britain's currency decline came as a shock to global financial markets
The fall of the national currency of Britain has caused a shock on the world financial markets.
Markets in the U.S. and the EU showed sharp price fluctuations after the Bank of England announced an emergency bond purchase. The regulator is doing this in order to slow down the depreciation of the pound sterling. As said by experts, investors have started selling off assets to cover their losses in the kingdom.
According to expert Richard McGuire, investors see that Britain's leadership is experimenting and wonder if other countries will do the same.
Expert Dickie Hodges made a statement that the collapse of stocks on the London Stock Exchange was so severe that it had devastating consequences for all markets.
