Pound slumps to new 30-year low against US dollar - News Summed Up

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Pound slumps to new 30-year low against US dollar


It will be a really volatile week," he said.Chinese Premier Li Keqiang said Britain's departure from the EU created new uncertainties in the world economy at a time when downward pressures on China's economy are mounting. International Airlines Group, parent of British Airways and Iberia, dropped 9.4 percent.Royal Bank of Scotland shares plunged 15 percent. "Unless an investor has a really strong view one way or the other, you'd be brave to buy in. "It is going to be a very tough week," predicted James Audiss, senior investment adviser at Shaw and Partners in Sydney. "We think near-term focus of policymakers will be to mitigate adverse impacts on financial conditions.


Source: Times of India June 27, 2016 10:38 UTC



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