Pound Falls As Brussels Is Hit By Explosions

The pound dropped nearly 1% against the U.S. dollar Tuesday, following reports of multiple explosions in Brussels. Sterling was down 0.8% to $1.4268. Explosions at the Brussels Airport and at a central Brussels Metro station have reportedly left dozens injured and dead. The question of whether the U.K. should leave the European Union has recently been putting pressure on the pound. The pound fell against the euro, with the shared currency up 0.3% at 78.42 pence.