Sterling falls to historic lows

Friday, 24/06/2016 | 08:42 GMT-0

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Sterling dropped, amid the referendum's outcome for Brexit, and reached 1985 historic lows while lately recovering somehow slightly.

The GBP/USD, amid falling as low as 1.3231, reached its weakest level for the last 31 years, still trading 8.05% lower at 1.3672.

Sterling crashes amid a 52% win for Brexit

Furthermore, the United Kingdom voted to ''Leave'' with a percentage winning rate of 52% versus 48% who have voted to ''Remain''.

The Scottish and Londoners voted for the nation to remain in the EU while Wales and the U.K, outside London, voted for Brexit.

Moreover, the Bank of England is closely monitoring the result, while David Cameron, British Prime Minister, called for unity.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/sterling-falls-to-historic-lows

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