Woman who threatened police over fake ID jailed



DUBAI // A woman who threatened police during a traffic stop was sentenced to one year in prison today.

The Dubai Criminal Court of First Instance convicted NT, 29, from Egypt, of using a forged official document and threatening to have the two men fired after they suggested she was using a fake ID.

NT was driving her Range Rover when a patrol stopped her in a routine check, records show. She gave them her driving licence and said all her other ID documents were in Abu Dhabi.

Records show that when the officers asked her about why the picture did not match her appearance, she said she had undergone a makeover.

Prosecutors said the licence she gave them was that of an Emirati woman.

One officer testified that he stopped the car after checking the plate number and finding 31 traffic violations registered against it.

"She refused to give us her ID and drove away, so we followed her," he said.

He testified that when she arrived at her house in Al Wasl area, they parked their police car in front. She began kicking it and threatening them, he said.

The woman will be deported after serving her prison term.

salamir@thenational.ae

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Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

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