British Pound Sterling falls below $1.39 for first time in seven years Wednesday February 24,2016

British Pound Sterling this morning Wednesday February 24,2016 sunk below $1.39 against the US dollar for the first time in seven years as uncertainty over Britain's potential 'Brexit' from the EU continues to take its toll on the pound.

Britain's biggest bank, HSBC, claimed today that 15 per cent could be wiped off the value of the pound if Britain votes to leave the European Union.

HSBC's bosses signed a letter published yesterday confirming their support for the 'In' campaign.

Adding its support to that vote, UK trade body EEF said campaigners who want Britain to leave the EU in the referendum scheduled for June 23 can only offer an 'abyss of uncertainty and risk' and 'no tangible benefits'.