Jiming Huang / Blog

It touched 1.2798 against the dollar on Wednesday, a 31-year low, before recovering slightly to 1.2929 dollars. The pound has now fallen about 14% against the dollar since hitting $1.50 ahead of the referendum result...

Banks have already begun to take action to shift operations out of the UK, with the governor of France’s central bank warning on Saturday that Britain’s financial services groups were at risk of losing their right to operate across the EU...