This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-35628733
The article has changed 11 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| EU referendum: Pound down on Brexit fears | EU referendum: Pound down on Brexit fears |
| (35 minutes later) | |
| The pound has dropped sharply against the dollar over uncertainty about a possible UK exit from the European Union. | The pound has dropped sharply against the dollar over uncertainty about a possible UK exit from the European Union. |
| In early trading in London, the pound was down 1.4% against the dollar to $1.42000. | In early trading in London, the pound was down 1.4% against the dollar to $1.42000. |
| It comes after London Mayor Boris Johnson joined the campaign to leave the EU following Prime Minister David Cameron setting a June referendum date. | It comes after London Mayor Boris Johnson joined the campaign to leave the EU following Prime Minister David Cameron setting a June referendum date. |
| Today's fall adds to losses made by the pound over recent months. | Today's fall adds to losses made by the pound over recent months. |
| "With political reaction to Friday's deal looking more mixed than the Prime Minister would have hoped for, in the short term it is likely that the exchange rate will be sensitive to news which is seen to increase the probability of Brexit," said Sam Hill, senior UK economist at RBC Capital Markets. | |
| Against the yen, the pound slumped to as low as 160.40 yen, its lowest since November 2013, from 162.10 on Friday, before partially recovering. | Against the yen, the pound slumped to as low as 160.40 yen, its lowest since November 2013, from 162.10 on Friday, before partially recovering. |