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British pound slips anew in early Asia; markets skittish

Monday, June 27, 2016 - 07:32

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The British pound fell anew in early Asian trading on Monday, with investors still at a loss as to what happens next now that the country has voted to leave the European Union.

[SYDNEY] The British pound fell anew in early Asian trading on Monday, with investors still at a loss as to what happens next now that the country has voted to leave the European Union.

Sterling was quoted at US$1.3440 on Monday after shedding more than 8 per cent on Friday to stand at US$1.3662 late in New York. The pound also slipped on the safe-haven yen to 137.16 yen from around 139.64.

Safety was very much in vogue, with investors bidding up US Treasury futures and selling Emini futures on the S&P 500 in early trade.

REUTERS

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