Pound hits 31-year low on Brexit vote aftermath, euro slides - News Summed Up

Pound hits 31-year low on Brexit vote aftermath, euro slides


Analysts predicted more downside for sterling as traders monitored the fallout of the vote and how it would affect the European economy. Photo: AFPNew York: The British pound fell to a 31-year low against the US dollar on Monday on anxiety over the aftermath of Britain’s decision to quit the European Union, while the euro also dipped. The euro also remained weak, last down 1.1% at $1.0996 after hitting a session low of $1.0971. The dollar was last down 0.66% against the yen, at 101.52, holding above Friday’s more than 2-1/2 year low of just above 99 yen. That session low remained slightly above Friday’s 3-1/2 month low of $1.0909.


Source: Mint June 27, 2016 15:11 UTC



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