Sterling dives to 31-year low as Brexit shock deepens

London

STERLING fell to a 31-year low against the dollar on Monday as a sell-off stemming from Britain's decision to quit the European Union gathered pace, with the euro also pressured as Brexit clouded the future of the rest of the bloc.

Safe-haven currencies such as the yen and the Swiss franc extended gains, much to the discomfort of the Japanese and Swiss central banks.