You are here

Sterling tumbles to 2020 lows as investors dash for safety

file6ucb7tzgv8w1k8rdqgo4.jpg
The pound dropped sharply on Friday, losing nearly 1 per cent against the euro and the dollar as worries about the fast-spreading coronavirus sent investors out of currencies deemed riskier.

[LONDON] The pound dropped sharply on Friday, losing nearly 1 per cent against the euro and the dollar as worries about the fast-spreading coronavirus sent investors out of currencies deemed riskier.

As investors rushed for the safe-haven Japanese yen, Swiss franc and US dollar, sterling...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes