Sterling Show Low Record Against The Dollar, As Asian Currencies Are Weaker

The opposition says that the economic policies will be disproportionately favorable to the rich and could result in the U.K. accept high levels of debt in the time of rising interest rates.

It’s not like there’s any indication that the U.K. government is throwing the market a flinch here regarding having a more moderate fiscal plan which is why I believe that, at the moment that the least resistance will be at a lower level,” Mazen Issa, the senior Forex strategist for TD Securities, told CNBC just before the pound struck an all-time record low.

“Below $1.05 You really have to consider the parity of prices,” he told CNBC’s “Squawk Box Asia.”

“We’ve witnessed the euro fall below parity and I can’t think of a reason why sterling wouldn’t be able to do the same,” he added.

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The Asia-Pacific area, Japan, South Korea and China’s currencies declined against the greenback. Meanwhile, it was the Australian dollar was essentially in the middle of a flat.

The Japanese yen

The exchange rate was 143 levels for the currency, a decrease than before the intervention of authorities in the market for currency the week before.

South Korea’s won was close to levels of 2009 at 1,428.52 per dollar.

Index of the U.S. dollar index

Gained against the major currencies.

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