Thomas Cook Suspends Online Forex Sales As Pound Dives After Brexit

By Markets MarketWatch Pulse

Thomas Cook has temporarily suspended sales of currencies via its travel money website after seeing "overwhelming demand overnight and this morning," the British vacation company said Friday. The surge in demand came as the results of the U.K. referendum on membership of the European Union came in, with the outcome a vote to leave the union. "Our immediate priority is to ensure that we have enough currency in store to fulfill outstanding orders. We hope to be back up and running as soon as possible," Thomas Cook said. The pound fell to $1.3230, its lowest level since 1985, as the vote swung to "leave" overnight, in its largest one-day drop ever. Sterling is currently trading hands on Friday at $1.3679.

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