Asian Session – Pound extends losses but stocks attempt a rebound
Posted on June 27, 2016 at 8:16 am GMTThe pound resumed its downward path in Asian trading today following the UK’s referendum last week to leave the EU that led to the British currency plummeting to its lowest since 1985. Sterling was trading 1.7% lower against the dollar at 1.3435 in late Asian session, while the euro was 1.2% firmer at 0.8212 pounds. UK Chancellor of the Exchequer George Osborne spoke for the first time on Monday since Friday’s shock result of the EU vote. Osborne sought to [..]