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Sterling hits new 31-year low against the dollar

Discussion in 'Market News' started by Lily, Jul 6, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Last time the pound was lower was in June 1985, but still a way off the record low against the dollar of $1.0520 in March 1985

    The pound sank to a fresh 31-year low against the dollar on Wednesday amid growing signs that the shock Brexit vote is already damaging the UK economy.

    Sterling hit a low of $1.2796 at one point as investors lost confidence in Britain’s future outside the European Union and piled out of the UK currency.

    Related: Property funds halt trading as Brexit fallout deepens

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