Britain's vote to leave the European Union sent new shockwaves through financial markets on Monday, with the pound falling despite government attempts to ease the political and economic turmoil that has been unleashed.
Finance minister George Osborne said the British economy was strong enough to cope with the volatility caused by Thursday's referendum, the biggest blow since World War Two to the European goal of forging greater unity.
His words failed to stop sterling sinking to its lowest level against the U.S. dollar for 31 years, continuing the slide that began last week when Britons confounded investors' expectations by voting to end 43 years of EU membership.
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Finance minister George Osborne said the British economy was strong enough to cope with the volatility caused by Thursday's referendum, the biggest blow since World War Two to the European goal of forging greater unity.
His words failed to stop sterling sinking to its lowest level against the U.S. dollar for 31 years, continuing the slide that began last week when Britons confounded investors' expectations by voting to end 43 years of EU membership.
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