Wednesday 29 June 2016

Sterling holds above 31-year low hit after Brexit vote

The yen gained on Wednesday as a sense of relative market stability helped sterling and the euro hover above their post-Brexit lows, though the battered European currencies remained hampered by longer term uncertainty.

Sterling and the euro had slid, and the safe-haven yen had surged, after Britain's decision to leave the European Union sent shockwaves around markets on Friday, and that volatility persisted into Monday. But it eased off since then in the absence of big new developments.

Sterling was up around a third of a percent at $1.3390 , while the euro was 0.1 percent higher at $1.10745 .

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