Pound Hits New Seven-Year Low On Brexit Fear

The pound remained on the ropes on Tuesday as it slipped to a new near seven-year low after the campaign for Britain to leave the EU got under way. It had already seen a pummelling on Monday after Tory heavyweights led by Boris Johnson came out in favour of a vote to leave the EU over the weekend. At an appearance before MPs, Bank of England governor Mark Carney acknowledged that uncertainty about the outcome of the referendum was fuelling instability for the pound, running at levels seen around