Investment Banking

Sterling falls to three-decade low on Brexit concerns

The pound fell to a three-decade low against the dollar on October 4, trading below the levels it hit after Britain voted to leave the European Union in June.

The pound has dropped to a three-decade low versus the dollar
The pound has dropped to a three-decade low versus the dollar Photo: iStock

The pound fell to a three-decade low against the dollar on October 4, trading below the levels it hit after Britain voted to leave the European Union in June.

The currency fell 0.62% to $1.276 and is now almost 15% below where it traded on June 23, the day the UK went to the polls.

WSJ Logo
Inside the Wall Street Recruitment Wars Pitting Banks Against Buyout FirmsExternal link

Inside the Wall Street Recruitment Wars Pitting Banks Against Buyout Firms