Pound slides to fresh 31-year low against the dollar
The pound has hit a fresh 31-year low against the dollar as markets remain edgy in the wake of the Brexit vote. At one point it hit $1.3058 against the dollar, the lowest level since September 1985. Against the euro it fell to €1.1703, its lowest since 2013. Analysts blamed a disappointing report on the UK services sector, and ongoing uncertainty about the effects of the UK's vote to leave the European Union. There was caution on Wall Street as well, where shares closed lower.