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Pound LIVE: GBP Sterling holding ground as global stocks PLUNGED into MELTDOWN

Express.co.uk
Pound LIVE: GBP Sterling holding ground as global stocks PLUNGED into MELTDOWN

The US stock market was plunged into chaos last night The pound is trading at around $1.320 after opening at $1.319, according to Bloomberg, while Sterling is holding against the euro at €1.143. It comes after the US stock market tumbled, with the Dow Jones Industrial Average sinking last night by more than 800 points. As of just before 8am GMT, the Dow Jones average futures were down by 189 points. The S&P 500 fell to a fifth-day straight loss yesterday, the longest slump since President Donald Trump was elected, as Wall Street endured its sharpest one-day fall in months. Alphabet, Amazon, Apple, Facebook and Microsoft all fell more than 4 percent each yesterday as tech stock crashed. Stock