Pound Extends Decline Below $1.41 On "Brexit" Worries

By Carla MozeeMarketWatch Pulse

The pound continued to decline Tuesday, weighed by the prospect that U.K. voters may support a U.K. exit from the European Union. Sterling fell 0.4% to $1.4099, according to FactSet. The British currency on Monday fell by the most since 2009 after London Mayor Boris Johnson backed efforts to break away from the EU. On Tuesday, Bank of England Governor Mark Carney told lawmakers there's been a pickup in buying of options aimed at protecting against future declines in sterling. Investors are facing a June 23 referendum date. On Monday night, more than one-third of companies listed on the U.K.'s FTSE 100 index voiced their support for the U.K.’s continued membership in the EU.

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