News
U.S.’ Lew says UK authorities need time to probe pound crash
October 7, 2016 by elegant · Leave a Comment
U.S. Treasury Secretary Jack Lew said on Friday it was necessary to give British authorities some time to determine what drove a steep drop in the pound before jumping to conclusions. “Based on our own experience, it takes some time to find out why such movements occur,” Lew told a news conference at the International Monetary Fund and World Bank Meetings in Washington. The pound's fall by more than 10 percent against the dollar to below $1.15 was …
Read more here:
U.S.’ Lew says UK authorities need time to probe pound crash