British pound drops to lowest value since 1985
The British pound, which has not been this weak since 1985, fell 0.82 percent against the dollar, and 0.4 percent against the Euro
October 04, 2016
The British pound continued to drop on Tuesday, two days after the UK PM gave a speech interpreted by many to announce the country heading towards a 'hard exit' from the EU.
The British pound has not been this weak since 1985.
It fell 0.82 percent against the dollar, and 0.4 percent against the Euro.
A pound is now worth $1.274 and €1.141.
Zafar Paracha, General Secretary of Currency Exchange Association said that international prices are impacting local currency market prices. He said that in Pakistan, the British Pound has fallen Rs1.20 in two days to Rs136 per Pound.
