Sterling Turns Strong Week Into Collapse as Brexit Looms: Chart

Pound Plunges as Britain Votes to Leave European Union

It was shaping up to be a good week for sterling, the best in years. That all changed when the vote counting began to show the U.K would leave the European Union -- a surprise for financial markets that had rallied on predictions for “Remain.” The pound fell by a record against the dollar, heading for its lowest level since 1985.

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