Pound Hits New Low As Property Funds Pull Out

The pound has plumbed new depths, as intensifying fears over the impact of Britain leaving the EU is causing investors to suspend trading in the UK commercial property market. Meanwhile, there were sharp share price declines led by supermarkets as figures showed the sector was still in the grip of sliding food prices and a report from analysts at HSBC suggested there would be more to come. The pound has been dragged lower in recent days as three more British commercial property funds worth about