Battered sterling gets a reprieve, yen's rally pauses

London

HIGHER-YIELDING, riskier currencies such as the Australian dollar rose along with sterling on Tuesday as investors took a breather from a brutal sell-off sparked by Britain's vote to leave the European Union.

Safe-haven currencies such as the yen and the Swiss franc, which had gained sharply since last Thursday's vote, were weaker, although risk sentiment was fragile.