Pound’s Use in Global Transactions Fell in May Pre-Brexit: Chart

Brexit Fallout Piles Political Pressure on Pound

The pound was less popular in May as British citizens debated whether to leave the European Union. Use of the currency in global transactions fell to 7.87 percent, the lowest level since August 2011, data from the Society for Worldwide Interbank Financial Telecommunication showed Wednesday.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.