British Pound falls to 30-yr low against US dollar
European stocks extended their losses on Monday with the British pound falling to its lowest level in almost 31 years in the wake of the economic and political uncertainty following the UK’s historic vote to leave the European Union.
The sterling dropped more than 3 percent to $1.32 against the US dollar as of 11:30 GMT - the lowest level since September 1985. The euro is also under pressure, down almost one percent against the greenback.
INC News, 27/06/2016 - source: ©RTNews-Bloomberg
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