Sterling slid back below $1.23 on Tuesday as Brexit concerns weighed heavily on a market still in shock after Friday's 10 percent flash crash.
After a steadier 24 hours, the pound slid 0.6 percent to $1.2278 in early trade in London, pushing the Bank of England's trade-weighted index to a nearly eight-year low of 74.0.
It was also half a percent weaker at 90.51 pence per euro.
Sterling sheds another 2 percent after crashing last week as Britain voted to leave the EU amid market jitters.
Good morning! Here's what you need to know in markets on Friday. The pound plummeted overnight in a suspected "flash crash." Sterling continues to suffer, falling as much as 6% against the dollar in Asian trade. The pound is down 1....
The Euro Stoxx 50 index slid 4.6 percent in early trading, the euro fell, and Asian markets closed lower amid worries about the worldwide financial system.
The Great Britain pound has dropped again (including a monetary flash crash). In other words, the GBP got Soros’d. The post Great Britain Pound Gets “Soros’d” … Again (Pound Drops To 1.24) was originally published at The Wall Stre...