Investing.com – Sterling Friday slumped to 31-year lows vs. dollar on Brexit concerns.
Sterling was down 1.18% at $1.2468 at 02:30 ET. The dollar index was up 0.32%.
There are concerns the U.K. could loss access to single market if it insists on immigration controls.
Some observers attributed part of the slump to algorithm trading in thin liquidity.
The pound flash crashed by as much as 6% overnight before recovering some ground.
The pound fell 0.91% against the euro to €1.1210.