TOKYO The dollar took a breather in Asia on Thursday but remained near a 3-1/2-month high against a basket of currencies hit in the wake of Britain's stunning vote to exit from the European Union, while the battered sterling continued to struggle.
LONDON JP Morgan said on Thursday a Scottish currency in a newly independent Scotland could initially be stabilised near parity with sterling by the Bank of England and European Central Bank, given their strong mutual interest in ensuring stability there.
LONDON Sterling climbed for a third day on Thursday, but traded in tight ranges as investors waited for new developments on Britain's decision to leave the European Union which sent the currency to a 31-year low.
LONDON Sterling plunged to its lowest in three decades and the value of London's big banks sank by the most since the 2008 financial crisis as Britain's shock vote to leave the European Union triggered turmoil on global financial markets on Friday. | Video
Currency speculators increased their net short positions against the British pound in the week before the United Kingdom voted to exit the European Union, according to data from the Commodity Futures Trading Commission released on Friday.
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