14:57 GMT +322 January 2020
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    The British pound slumped to $1.2067 the lowest level in over three decades, according to local media.

    MOSCOW (Sputnik) — The British pound’s exchange rate against the US dollar fell to the lowest level in over three decades ahead of US President-elect Donald Trump’s press conference on Wednesday, UK media reported.

    The pound sterling slumped to as low as $1.2067, according to market figures. The Independent newspaper estimated it last traded that low 31 years ago, excluding October’s "flash crash."

    The press conference is being held only nine days before Trump is formally inaugurated as US president on January 20. It is his first press meeting in 5.5 months since late July, when the main presidential campaign between him and Democratic challenger Hillary Clinton had just begun.


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