Britain's vote last Thursday to leave the European Union continued to reverberate through financial markets on Monday, with the pound falling to its lowest level in 31 years, despite government attempts to relieve some of the confusion about
Sterling fell to a 31-year low against the dollar on Monday as a sell-off stemming from Britain's decision to quit the European Union gathered pace, with the euro also pressured as Brexit clouded the future of the rest of the bloc.
Sterling plunged to its lowest in three decades and the value of London's big banks sank by the most since the 2008 financial crisis on Friday as Britain's shock vote to leave the European Union sparked turmoil on global financial market
British markets plunged on Friday, with sterling hitting a 31-year low in its biggest fall on record and UK stock futures pointing to a steep fall at the market open after Britons voted to leave the European Union.
Bonds also sold
Sterling hit a 2016 high and the euro surged against the dollar and yen on Thursday after a series of late opinion polls favoured Britain staying in the European Union and bookmakers odds indicated a further shift towards the "Remain"
Sterling headed towards its biggest loss in almost six years against the dollar on Monday, hit by a rise in the odds on a "Brexit" after a handful of senior ruling Conservatives joined the campaign to leave the European Union.
Prime Minister David Cameron won an emphatic election victory in Britain, overturning predictions that the vote would be the closest in decades to sweep into office for another five years, with his Labour opponents in tatters.
R&P Ltd, a toll compounder for ExxonMobil Chemical in the thermoplastic olefin (TPO) market, has licensed from EMC the technology to produce similar Specialty PP Compounds (TPO) to be marketed under its brand name Sterling for the Asia Pacif
Sterling slipped to a fresh 2-1/2 year low against the dollar on Tuesday after dismal British manufacturing data revived fears of another recession and increased bets of more easing by the Bank of England.
UK industrial output une
Sterling hit a 2-1/2 year low against the dollar on Monday as hedge funds and long-term investors sold, seeing the pound as susceptible to more weakness given contrasting outlooks for the British and US economies.