Pound Slumps To Lowest Level Against Dollar Since 2009

By Markets MarketWatch Pulse

The pound slumped to the lowest against the dollar since 2009 as the results from the closely watched Brexit referendum pointed to a "leave" vote. With 200 of the counting areas having declared results, 51.7% of the votes backed a Brexit vs. 48.3% for "remain". Sterling tanked to $1.3752, the lowest it's been since January 2009, which was the height of the financial crisis. That slide marks a 7.5% loss from late Thursday in New York.

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