Comment on Pound Plummets To New Lows; British Banks Halted After Crashing

Pound Plummets To New Lows; British Banks Halted After Crashing

After a modestly stronger open, which saw sterling rebound to just under 1.35, the British currency has taken another sharp leg lower in recent trading tumbling another 3%, to a low of 1.3224 - taking out Friday's post-vote lows when the currency plunged over 8% - and dropping to fresh 31 year lows, as it remains under heavy selling pressure as of this moment.

 

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