British pound dives over 4% against US dollar

Thu, Mar 19, 2020 - 6:22 AM

The pound slumped more than four per cent against the US dollar on Wednesday, reaching a 35-year low, as traders eyed worsening fallout for the UK economy from the coronavirus pandemic.

PHOTO: AFP

[LONDON] The pound slumped more than four per cent against the US dollar on Wednesday, reaching a 35-year low, as traders eyed worsening fallout for the UK economy from the coronavirus pandemic.

Sterling struck US$1.1463, the lowest level since 1985. It recovered slightly moments later to...

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