Bloomberg reported that Sterling fell 3.5% in London, continuing the downward trajectory brought on by the UK’s decision to cut ties with the European Union.
Bloomberg noted that Sterling reached a three-decade low on Friday, falling 8.1%.
Bloomberg also said that the drop illustrates the failure of Chancellor of the Exchequer George Osborne’s attempts to keep markets calm.
Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!