Markets
British pound dives over 4pc against dollar
The pound meanwhile slid 2.6 percent against the euro, with the single currency trading at 93.58 pence.
LONDO
- The pound meanwhile slid 2.6 percent against the euro, with the single currency trading at 93.58 pence.
LONDON: The pound slumped more than four percent against the dollar Wednesday, reaching a 35-year low, as traders eyed worsening fallout for the UK economy from the coronavirus pandemic.
Sterling struck $1.1463, the lowest level since 1985. It recovered slightly moments later to trade at $1.1554. The pound meanwhile slid 2.6 percent against the euro, with the single currency trading at 93.58 pence.
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