(Bloomberg) --
The pound lost popularity in May as the debate over the U.K.'s departure from the European Union weighed on the currency. Its use in global trade transactions slid to 6.7%, the lowest level since August 2011, according to the Society for Worldwide Interbank Financial Telecommunication, or Swift. Sterling is the third most used currency, trailing the U.S. dollar's 40% share and the euro's 34%.
To contact the reporter on this story: Alex Tanzi in Washington at atanzi@bloomberg.net
To contact the editors responsible for this story: Sophie Caronello at scaronello@bloomberg.net, Sheldon Reback
©2019 Bloomberg L.P.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
