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This Article is From Jul 05, 2016

Brexit May Be Footnote in Pound’s Legacy of Declines: Chart

Brexit May Be Footnote in Pound’s Legacy of Declines: Chart

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(Bloomberg) -- Last month's tumble for the pound was one of many for a currency that's been heading lower for 100 years. The world's oldest currency bought almost $5 during World War I and has lost more than two thirds of its value since. The plunge on June 24, the day after Brexit, was the biggest for sterling since at least 1971.

To contact the reporters on this story: Simon Kennedy in London at skennedy4@bloomberg.net, Lukanyo Mnyanda in Edinburgh at lmnyanda@bloomberg.net. To contact the editors responsible for this story: David Goodman at dgoodman28@bloomberg.net, James Hertling, Jake Ulick

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