BREXIT: Pound sinks to 1985 levels

June 24, 2016 08:48

The pound continues to fall steeply -- it is at $1.34, which is around the lows of 1985 -- as initial confidence among investors expecting a vote to remain in the EU was dented by the emerging referendum results.

Earlier, results from across the country putting the Brexit camp in the lead reversed initial gains to leave the pound down nearly 6% at $1.42 at one point, compared with $1.50 just after polling stations closed.

The Nikkei market in Tokyo is down over 6%.

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