Brexit Shockwaves – Live Blogging
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Brexit Shockwaves – Live Blogging
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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