The British pound is sinking again as investors continue to digest the impact of the U.K.'s historic vote to leave the European Union. A broad gauge of European blue-chip stocks index sank around 6.7%. One of the biggest unknowns is whether the U.K.'s vote to leave the union will trigger demands to leave from other countries, setting off a wave of turmoil. The pound sank more than 2% early Monday against the dollar before regaining some ground to trade near $1.34 as uncertainty swirls over the U.K. economy. Related: Brexit + deep uncertainty = Market chaosStill, the vote has far-reaching economic and political implications.
Source: CNN June 27, 2016 01:41 UTC