The pound hits a new 31-year low

Sterling’s slide is continuing on Tuesday, breaking through its post-referendum low to reach levels not seen in 30 years.

Here’s how the pound looks against the dollar at 7.50 a.m. BST (2.50 a.m. ET):

That surpasses the post-referendum low of $1.2798 reached on the day after the vote, which was the lowest level seen since the mid-1980s. Sterling is now at its lowest point in 31 years.

More to come…

NOW WATCH: The ‘Mrs. Doubtfire’ house is on sale for $4.45 million — here’s what it looks like 23 years later

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at