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…

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