Brussels and Brexit push sterling to six-year low

pound

Markets turned against the pound yesterday as the Brussels attacks reignited fears surrounding a British exit from the European Union, driving the cost of protection against a currency collapse to its highest level in six years.

Investors piled into currency options to take out insurance against swings in the pound, pushing premiums up to highs not seen since at least 2010. At the same time, investors dumped sterling, driving it to a two-year low.

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