200 pips gap down!!
Risk Rout Deepens as Pound Slides Further on Post-Brexit Turmoil
The hemorrhaging in financial markets continued Monday, with the pound extending its record one-day selloff after the U.K.’s vote to exit the European Union threw British politics into turmoil, fueling anxiety over the decision’s impact on the global economy. The rout in riskier assets picked up where it left off Friday, with the Australian and New Zealand dollars slipping with the euro as the Norwegian krone tumbled more than 2 percent after U.S. crude closed below $48 a barrel last week. Sterling sank beyond $1.35, extending losses at weakest level since 1985 as investors face months of uncertainty over ... (full story)