Brexit Shockwaves – Live Blogging

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Brexit Shockwaves – Live Blogging

Postby » Thu Jun 23, 2016 7:36 am

After the unexpected decision to leave the EU following the announcement of this morning’s results, the value of the pound has fallen dramatically. At one stage, the currency hit $1.3305, reaching lows of over 10 percent not seen since 1985. The pound is currently hovering around $1.3637.

The Bank of England is said to be monitoring developments closely and is set to take the necessary steps to support monetary stability.

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