Tags: AS | Asia | Currencies | UK Vote

Pound Hits 31-year low as Leave side Takes Lead in EU Vote

Friday, 24 June 2016 01:14 AM

HONG KONG (AP) — The pound slumped to its lowest in more than three decades on Friday as results on Britain's vote on European Union membership give the "leave" side a small but growing lead.

The currency tumbled to as low as $1.3460 on Friday, which was its lowest level in 31 years.

It fell about 10 percent from the 2016 high of $1.50 hit just hours earlier.

Uncertainty over the vote's outcome has kept world currency markets on edge.

The yen, meanwhile, strengthened as investors sought safety in the currency, which is considered a haven.

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The pound slumped to its lowest in more than three decades on Friday as results on Britain's vote on European Union membership give the "leave" side a small but growing lead.The currency tumbled to as low as $1.3460 on Friday, which was its lowest level in 31 years.It fell...
AS,Asia,Currencies,UK Vote
95
2016-14-24
Friday, 24 June 2016 01:14 AM
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