The pound is dropping again as Brexit impact sinks in - News Summed Up

The pound is dropping again as Brexit impact sinks in


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



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