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Pound dives 9.2% against Sing dollar on Brexit news
THE pound dived 9.2 per cent against the Singapore dollar as Britain's exit from the European Union loomed.
The British currency fell to S$1.8085 at 12.30pm Singapore time before climbing marginally to S$1.8508 as at 2.28pm. At this time, it is down 7.78 per cent against the Singapore dollar.
The pound dropped to US$1.3305, its lowest since September 1985, swinging wildly from earlier deals when it touched a 2016 high of US$1.50.