Pound Sterling falls to new low against the US Dollar in Asia trade Wednesday July 06,2016

The pound Sterling has hit a new low in Asian trading as concerns about the UK's vote to leave the European Union continue to weigh on investor confidence.

It touched $ 1.2798 against US Dollar on Wednesday July 06,2016, which is a 31-year low.
US government bond yields also fell to record lows as investors rushed to put money in perceived safe havens.

The falls follow decisions by fund managers, including Standard Life and Aviva, to stop investors withdrawing money from their UK property funds.

They said the high levels of uncertainty caused by the referendum had led to investors rushing to pull their money out.