Pound Sinks Below $1.39 as Traders Brace for More Volatility

  • Sterling Holds Three-Day Drop to lowest level since March 2009
  • 29 of 34 economists see drop to $1.35 or below on leave vote

One Path of Sterling Depreciation

The pound sank below $1.39 for the first time since March 2009 on Wednesday, while a gauge of anxiety in currency markets showed traders are preparing for even more extreme moves.

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