EU referendum: Pound sees biggest fall in a year on Brexit fears

London February 22- The pound has seen its biggest drop in more than a year against the dollar over uncertainty about a possible British exit from the European Union. In early trading in London, the pound fell 1.65% to $1.41670, the biggest one-day drop since January 2, 2015.

It comes after London Mayor Boris Johnson joined the campaign to leave the EU following Prime Minister David Cameron setting a June referendum date. The fall adds to losses made by the pound over recent months.

So far this year, fears of a British exit from the EU – dubbed ‘Brexit’ – have already pushed the pound down by 3.9% against the US dollar. Analysts said that was likely to continue to direct sentiment until the vote. Source: BBC