Pound’s Eight-Year Cycle Sees Collapse Enduring: Chart
(Bloomberg) -- The pound's got further to fall against the dollar and probably won't hit a major low until the first quarter, an analysis of its long-term movements shows. The currency crumbles about every eight years, a period that doesn't end for several months. By then the U.K. should have a new prime minister and be officially discussing its withdrawal from the European Union.
(Corrects y-axis label on graphic.)
To contact the reporter on this story: Sheldon Reback in London at sreback@bloomberg.net. To contact the editors responsible for this story: Guy Collins at guycollins@bloomberg.net, Sophie Caronello
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