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On Wednesday, the British pound boasted a fresh 31-year low, while the safe-have Japanese yen managed to ascend, following heightening concerns over the broader impact of the UK’s vote the previous month to leave the European Union.
The British pound sank to $1.2798, thus breaking through the previous minimum of $1.3000 achieved overnight. Last the given currency slumped 1.2% at $1.2867.
The common currency leapt as high as 86.26 pence, the highest value since August 2013. Last it traded + 0.9% at 85.76 pence.
Against the resurgent Japanese yen, the British pound sagged as low as 128.81 yen, the lowest value since November 2012. Last it traded down 2.2%, hitting 129.61.
The evergreen buck dipped as low as 100.58 yen, rebounding from Friday’s post-Brexit peak of 103.40. Last the given currency was down 1%, trading at 100.72 yen, staying higher the June 24 minimum of 99.000 achieved in the wake of the British vote when traders’ nerves were still raw.
Origin: FX BAZOOKA
