Reporting from Bloomberg and Irish ExaminerSterling plunged 5% to its lowest level against the dollar in over three decades and was trading at Brexit crisis levels of 93.4 pence against the euro as the shocks caused by the coronavirus rippled through global markets. Sterling has also suffered due to heightened global demand for the dollar. Sterling fell 5% to $1.145 (€1.05), surpassing the lows it recorded after the 2016 Brexit vote. “I don’t have a particular single story as to why what’s happening is happening. We will take it into consideration, consider carefully what the effects will be.”

Source: Irish Examiner March 18, 2020 22:52 UTC