Pound Resumes Slump Toward 31-Year Low Against Dollar: Chart

British Pound Drops to 31-Year Low, What's Next?

The pound resumed its decline toward a 31-year low against the dollar after an index published by YouGov Plc and the Centre for Economics and Business Research indicated pessimism about the economic outlook almost doubled in the week following the June 23 referendum. A June purchasing manager’s index fell more than forecast as customers postponed or canceled orders before the vote, Markit Economics said Tuesday.