News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Pound collapses to lowest level since 1985

Stocks slide while bonds soar as investor seek safe-haven assets

The pound fell to a three year low and losses deepened in U.S. and European stocks Monday, as the vote to leave the European Union continued to shake financial markets.

Investors bought haven assets like government debt, sending the yield on the 10-year U.K. government bonds below 1% for the first time and 10-year Treasury yields to their lowest level since 2012.

WSJ Logo