British pound collapsed to 31-year-old minimum

The Course of the British pound collapsed to a 31-year minimum.

It is reported by Financial Times with reference to Global Markets expert Jamie Chisholm.

As of 10.42 (Moscow time), the pound rate fell by 0.5%, to $ 1.27, which is the lowest in 1985

The pound collapsed relative to 30 main world currencies after Prime Minister Teresa May announced that the UK will initiate a way out of the EU in the first quarter of 2017

From the day Britain voted for leaving the EU , the pound fell by 14% in relation to the dollar.