GB Pound Gets Pounded To 1.29, EU Bank Stocks Fall To Near Financial Crisis Lows

It’s fun to teach a class in financial markets and institutions in a semester when currency rates are going wild and bank stocks are tanking.
But it isn’t fun for the European banks or traders that went long the Great Britain pound.
There Great Britain pound has fallen to 1.29 against the US Dollar.

This post was published at Wall Street Examiner by Lee Adler ‘ July 6, 2016.