The British pound touched a historic low against a basket of global currencies, meaning it has likely never been lower when measured against its trading partners. While the pound recently traded at a 31-year low against the dollar, and a six-year low against the euro, on Tuesday it hit its weakest level ever against a widely watched basket of trade-weighted currencies. The Bank of England’s Broad Effective exchange rate index...

Source: Wall Street Journal October 12, 2016 09:20 UTC