1 MONGOLIA’S “TOP-100” BUSINESSES OF 2024 RECOGNIZED WWW.MONTSAME.MN PUBLISHED:2025/07/04      2 MONGOLIA’S WWII LEGACY: ASSET OR LIABILITY IN 2025? WWW.THEDIPLOMAT.COM PUBLISHED:2025/07/04      3 UNDP LAUNCHES GRANTS TO STRENGTHEN CIVIC PARTICIPATION AND PUBLIC SERVICE INTEGRITY IN MONGOLIA WWW.UNDP.ORG PUBLISHED:2025/07/04      4 ION ANNOUNCES CLOSING OF DEBT SETTLEMENT AND UPDATE ON JOINT VENTURE ON URGAKH NARAN PROJECT WWW.STOCKTITAN.NET  PUBLISHED:2025/07/04      5 WOMEN’S 3X3 BASKETBALL TEAM CLIMBS TO WORLD NO. 5 WWW.UBPOST.MN PUBLISHED:2025/07/04      6 MONGOLIA RECORDS 24 MODERATE EARTHQUAKES IN FIRST HALF OF 2025 WWW.MONTSAME.MN PUBLISHED:2025/07/04      7 FLIGHTS BETWEEN MOSCOW, ULAANBAATAR TO BE RESUMED BY YEAR-END WWW.TASS.COM PUBLISHED:2025/07/04      8 EMPEROR MEETS REPORTERS AHEAD OF VISIT TO MONGOLIA WWW.3.NHK.OR.JP PUBLISHED:2025/07/03      9 WOOD ADVANCES RARE EARTH ELEMENTS PROJECT IN MONGOLIA WWW.MININGWEEKLY.COM  PUBLISHED:2025/07/03      10 THE BANK OF MONGOLIA PURCHASES 5.9 TONS OF PRECIOUS METALS IN FIRST HALF OF 2025 WWW.MONTSAME.MN PUBLISHED:2025/07/03      ХӨРӨНГӨ ОРУУЛАГЧДЫГ ХУРЛААР БУС, ХУУЛИАР УРЬДАГ ЮМ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/07/04     НҮҮРС ТЭЭВРИЙГ ХОЛИМОГ ТЭЭВРЭЭР ГҮЙЦЭТГЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/07/04     ВАЛЮТЫН НӨӨЦ 5.2 ТЭРБУМ АМ.ДОЛЛАРТ ХҮРЛЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/07/04     УСНЫ САН БҮХИЙ ГАЗАРТ ТҮГЭЭМЭЛ ТАРХАЦТАЙ АШИГТ МАЛТМАЛЫН ТУСГАЙ ЗӨВШӨӨРӨЛ ОЛГОХЫГ ХОРИГЛОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/07/04     КУВЕЙТ ЗАМ, ТЭЭВЭР, ДЭД БҮТЦИЙН САЛБАРТ ИДЭВХТЭЙ ХАМТРАН АЖИЛЛАХАА ИЛЭРХИЙЛЭВ WWW.ZINDAA.MN НИЙТЭЛСЭН:2025/07/04     “ӨНДӨРХААН НИСЭХ БУУДАЛ” НЭЭЛТЭЭ ХИЙЛЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/07/04     П.САЙНЗОРИГ: МАНАЙ УЛСЫН ГАДААД ПАСПОРТ ХҮЧИРХЭГ БАЙДЛЫНХАА ЭРЭМБЭЭР 69 ДҮГЭЭР БАЙРТ ЖАГСАЖ БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/07/04     Г.ЗАНДАНШАТАР: ХҮН ТӨВТЭЙ ХАНДЛАГА ТӨРИЙН АЛБАНЫ, ТӨРИЙН АЛБАН ХААГЧИЙН ҮНДСЭН ЗАРЧИМ БОЛОХ ЁСТОЙ WWW.ZINDAA.MN НИЙТЭЛСЭН:2025/07/03     УЛААНБААТАР-МОСКВА ЧИГЛЭЛИЙН ШУУД НИСЛЭГИЙГ ЭНЭ ОНЫ СҮҮЛЭЭР СЭРГЭЭНЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/03     ИГАВАХАРА МАСАРҮ: ЯПОНЫ ЦОГ ЖАВХЛАНТ ЭЗЭН ХААН, ЭРХЭМ ДЭЭД ХАТНЫ АЙЛЧЛАЛ НЬ ХОЁР ОРНЫ ХАРИЛЦААНД ШИНЭ ХУУДСЫГ НЭЭХ АЛХАМ БОЛНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/07/03    

Pound sees further volatile trading www.bbc.com

The pound is higher in early Asian trading, regaining some of the ground lost from a sharp drop late on Tuesday.
The currency was trading at $1.2259, up 0.8% from its fall the previous day.
On Tuesday, it had fallen more than 2%, dropping below $1.21, while against the euro it fell below €1.10.
The pound has now fallen about 18% against the dollar since the referendum, to levels not seen since 1985.
"Unfortunately this volatility in the pound is unlikely to end until there is greater clarity around Brexit," said market analyst Angus Nicholson of IG in Melbourne.
He added that the rise in Asian trading may be driven by Prime Minister Theresa May making a late amendment to the terms of a debate on Wednesday, seen by traders as effectively giving Parliament a vote on the terms of Brexit.
Neil Wilson from ETX Capital said the mood around the pound had been extremely negative in recent days and that it was "now trading like an emerging market currency."
He also said comments by a senior Bank of England official had not helped.
Michael Saunders, a member of the Bank's interest rate-setting committee, said earlier that the pound could still "fall further", but that the recent sharp drop was not an immediate cause for concern.
Bank threat
The comments were interpreted as a signal that the Bank could keep interest rates lower for longer.
Some traders also said sterling came under pressure from reports that US banks Citi and Morgan Stanley could move staff out of London, adding to worries about foreign investment leaving the UK.
"It really isn't terribly complicated. If we are outside the EU and we don't have what would be a stable and long-term commitment to access the single market then a lot of the things we do today in London, we'd have to do inside the EU 27," said Rob Rooney, chief executive of Morgan Stanley International.
Traders also pointed to leaked documents, warning that a withdrawal from the EU single market could cost the Treasury more than £66bn a year, as a reason for the drop.


Published Date:2016-10-12