LONDON - The pound has dropped to a new 31-year low, trading below $1.32 for the first time since 1985. By midday in London it was at $1.3216.
U.S. Treasury Secretary Jacob J. Lew said financial markets are functioning in a orderly way after Britain's vote to leave the European Union and signaled attempts by individual countries at currency intervention aren't warranted.
“Brexit” has thrown Sony SNE -1.67 % into a tug of war between global currencies. Yet that is mostly a distraction from the Japanese electronics giant's turnaround.
The hangover from the U.K.'s decision to exit the European Union continues to weigh on risk assets around the world Monday, with U.S.
Traffic leaves San Francisco at the beginning of the 4th of July holiday weekend on June 30, 2006 in San Francisco, California. Traffic leaves San Francisco at the beginning of the 4th of July holiday weekend on June 30, 2006 in San Francisco, California.