The pound has fallen 10% against the dollar to the lowest level since 1985 overnight following the United Kingdom's decision to leave the European Union in yesterday's referendum.
At one point sterling hit $1.3305, and is currently trading 9.9% lower at $1.3408. Against the euro, the pound dropped 7% to around €1.2085. The fall marks the pound's lowest level against the US dollar since 1985 and biggest one-day fall ever seen, according to the BBC. Gold jumped 22% against the pound overnight, in its fastest ever move, leaping to new three-year highs above £1,000 per ounce as investors sought safe havens. It was revealed overnight that 52% of the British public voted to leave the EU against 48% who voted to stay. The results of the referendum came as a shoc...
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