European stocks and the pound sterling do not resist the "Brexit effect"

L European stock markets fell at noon after a bullish opening following political tensions that unfolded from the United Kingdom to Italy, while the fall in oil prices this week triggered a new worries about global growth as the trade war goes on

While the pound sterling and the euro are vulnerable, after one of the most unstable days of the Brexit process until now another hectic week for world markets.

The pound sterling suffered its biggest single-day loss against the euro since October 2016.

The London, Paris and Frankfurt markets fell 0.72, 0.55 and 0.71%, in that order, after having the British Minister responsible for Brexit discussions received a boost the day before, almost 12 hours after the publication of a draft agreement on the separation from the United Kingdom and the European Union.

While the Madrid Stock Exchange lost 0.47% of its Ibex-35 index and the Mibtel of Milan lost 0.35%.

On the currency market, the pound also sought to maintain itself after having experienced its worst session. against the euro since the Brexit vote in 2016 and the loss of more than two cents against the dollar.

The European currency, the euro, rose to 1.1329 dollar, against 1.1316 dollar the day before.

But before the reports on the political struggles in the United Kingdom that make it fear that the country leaves the European Union without agreement, the British currency was struggling to exceed 88.72 pence for one euro and 1 , 2788 dollar.

Regarding the unfavorable macroeconomic data for the markets, euro area annual inflation rates stood at 2.2% in October, one-tenth more than the rise recorded the previous month, which represents the biggest price increase since December 2012.

In the case of the European Union (EU), the inflation rate was also 2.2%, compared to 2.1% for the month Previous

In this regard, the president of the European Central Bank, Mario Draghi, said that he would start withdrawing his stimulus measures at the end of the year, even though the Inflation could accelerate more slowly than expected.

The economy of the euro zone It has slowed in recent months due to weaker demand from China, rising interest rates for borrowers around the world and the nervousness of the bond markets in Italy, where the new government has I want to increase spending.

With information from Reuters, Notimex and Bloomberg.