Pound in Longest Run of Losses Since 1984 on Brexit Woes: ChartBy
The pound headed for its fifth quarterly decline versus the dollar, the longest run since 1984, as the currency bears the brunt of the U.K.’s decision to leave the European Union. Sterling tumbled by the most on record against the dollar on June 24, when the result of the vote became clear. It recovered some of its losses in August following better-than-expected economic data covering the period since the referendum, then resumed its decline in recent weeks amid speculation that the country was heading for a swift exit from the EU.
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