The pound fell again on Friday as analysts said a drop in purchasing managers' confidence since last month's Brexit vote showed Britain could be in recession.
Sterling hit a new 31-year low against the dollar on Wednesday, falling below 1.30 dollars to the pound amid concerns about the effects of Brexit on the nation's finances.
The pound edged up against the dollar on Tuesday, for the first time since Britain's vote to exit the European Union had sent it downward last week.
Chancellor of the Exchequer George Osborne sought to calm markets as the pound fell again on Monday, saying Britain's economy is "fundamentally strong" and remains open for business after the...
The British pound fell by its biggest margin against the dollar since 2009 on Monday, as fears of a possible British exit from the European Union, or Brexit, spooked traders.