British pound dives over 4pc against dollar

• The pound meanwhile slid 2.6 percent against the euro, with the single currency trading at 93.58 pence.

LONDON: The pound slumped more than four percent against the dollar Wednesday, reaching a 35-year low, as traders eyed worsening fallout for the UK economy from the coronavirus pandemic.

Sterling struck $1.1463, the lowest level since 1985. It recovered slightly moments later to trade at $1.1554. The pound meanwhile slid 2.6 percent against the euro, with the single currency trading at 93.58 pence.