Britain battled to stop worldwide Brexit alarm Monday but failed to prevent the pound crumbling to a three-decade low against the dollar as European shares took a fresh plunge. But investors started a new wave of selling in European trade as they grappled with the financial consequences of the Brexit referendum. Investors started a new wave of selling in European trade as they grappled with the financial consequences of the Brexit referendum. Hours later, the pound had skidded to $1.3194 in London trade, its lowest level against the dollar since September 1985. British budget airline EasyJet, which warned of a Brexit hit to sales, plunged by nearly 19 percent.

Source: The Hindu June 27, 2016 12:00 UTC