Pound Falls as Risk of `Brexit' Mounts on Brussels Terror Attack
- Sterling is worst performer among world's major currencies
- Euro drops as investor confidence in European assets declines
Pound Falls Amid Brussels Tragedy
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The pound posted the biggest decline among major currencies amid speculation the Brussels terror attacks boost the case of campaigners who want to see Britain out of the European Union.
Sterling fell the most in a month versus the dollar as the tragedy risked turning the U.K. currency into even more of a political football. Pro-“Brexit” politicians argued that migration leaves Britain vulnerable to attack, while figures in the opposing camp, including Prime Minister David Cameron, have said that being part of the economic and political union aids security. The euro weakened against almost all of its major peers as confidence fell after the blasts, prompting investors to avoid European assets.