Carney says Brexit-hit pound looks like emerging market currency

Bloomberg/Charlotte Ryan and Matthew Boesler/9-10-2019

“Carney made the comparison, which echoes a long-standing quip on trading desks, at an event at the Council on Foreign Relations in New York on Tuesday.”

USAGOLD note:  Citizens of the United Kingdom have kept gold brokers busy the past few months and pushed the sterling price of gold in a steady upward progression to record highs.

Line chart showing the rising price of gold in British pounds since late 2018, nearly vertical trajectory

Chart courtesy of TradingView.com

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