The pound has dived below $1.21

LONDON — Sterling is diving on Wednesday as Bank of England Governor Mark Carney speaks in front of the House of Commons' Treasury Select Committee and following disappointing trade data released by the Office for National Statistics (ONS).

The pound is down roughly 0.9% against the dollar as of 2.25 p.m. GMT (10.25 a.m. ET) to $1.2064, having spent the majority of the day roughly 0.5% in the red. That takes it close to the currency's post-referendum low (discounting October's flash crash, when sterling dropped more than 6% in two minutes).

8 Published By - Business Insider - 2017.01.11. 15:25
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