Concern over Britain’s place in the EU has pushed the pound below $1.39 for the first time since 2009, a level associated with previous crises for the currency.
Sterling dropped as much as 1 per cent against the US dollar to an intraday low of $1.3876 on Wednesday — the lowest in seven years.
The $1.40 level has long been seen as a de facto floor for the pound, and one it has rarely traded under for an extended period since the mid-1980s.
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