»
1-min read

Pound Slumps to 31-Year Low Versus Dollar

AFP

First published: October 4, 2016, 1:55 PM IST | Updated: October 4, 2016
facebook Twitter google skype whatsapp
Pound Slumps to 31-Year Low Versus Dollar
An English five Pound note and coins are seen at a restaurant in the British overseas territory of Gibraltar, July 21, 2016/REUTERS

London: The pound slumped to a 31-year low against the dollar on Tuesday on concerns over the timing of Britain's planned exit from the European Union, according to traders.

Britain's currency also struck a fresh three-year low point against the euro, while the drops helped pushed London's benchmark FTSE 100 stocks index up to a 16-month high beyond 7,000 points at the open.

facebook Twitter google skype whatsapp