POUND VALUE PLUMMETS IN FACE OF BREXIT

By Joe Young - Politics Editor

The value of the British Pound (GBP) has dropped dramatically in comparison to the value of the US Dollar (USD) since the result of Sunderland was announced.

At the end of the day, £1 GBP had risen to a high $1.50 USD, with polls suggesting that the UK would vote to Remain in the EU. By the time the result of Sunderland was announced, it had shaved off 6% of its value, dropping to $1.44 USD.

It then dropped further still, ending up as low as $1.36 USD.

This is an unnerving start to the night, as at this early stage such little confidence in the value of the UK could have devastating economic impacts.

About Joe Young 316 Articles
Joe Young has been involved with student media for a very long time now, holding posts within The Pulse, and Pulse Radio, as well as the predecessor of The Pulse, Pluto. He is currently Politics Editor of The Pulse, and Head of News of Pulse Radio. In 2016, he won the Media Award for Best Article for his coverage of the Fishergate Shopping Centre bomb scare.

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