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.

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