Thursday, 23 June 2016

Pound tumbles to 31-year low on Brexit fears

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The British pound dove to a 31-year low on Friday as results in the nation's European Union choice gave the "leave" side a little however developing lead. 

The figures conveyed a profound stun to monetary markets, toppling prior reckoning of a slender triumph for "remain." 



The pound at first took off as surveys shut and two supposition studies put "stay" ahead and two driving supporters of the "leave" battle said it showed up the ace—EU side had won. In any case, it then endured one of its greatest one-day falls ever, plunging from about $1.50 to beneath $1.35 as results recommended a solid plausibility the U.K. would vote to stop the coalition.

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