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Sterling plumbs fresh 30-year nadir
Sterling registered fresh massive losses today, rocked by Britain's vote to leave the European Union on Thursday, and plumbing a fresh 30-year nadir.
GBP/USD last traded at 1.3213, compared to the opening of 1.3433, with an intraday high at 1.3473, and a 30-year low at 1.3117.
Sterling's current losses came after the vote to leave the EU, with dire consequences for the British economy, slashing demand on the royal currency and bashing it downwards.
The dollar returned sharply higher against a basket of major peers, hitting a three-month high, which raised pressure on the pound today.
The dollar index, which measures the greenback's performance against a basket of six major rivals, last traded at 96.51, compared to the opening of 96.03, with a session-low at 95.79, and a three-month high at 96.70, with the index surging for three straight sessions, pushing it atop three-month highs after trading at a seven-week low last week .
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