British Pound Slumps to More Than 30 Year Low Against US Dollar Monday June 27,2016

The pound tumbled on Monday June 27,2016 to the lowest level in almost 31 years on economic and political uncertainty after Britain voted last week to leave the European Union.

At about 0955 GMT, sterling slumped to USD 1.3222 -- the lowest level since September 1985 -- having rebounded slightly after a similar trough was struck on Friday June 24,2016