The £ pound has slide to it's lowest level against the dollar since 1985. At one point today it hit $1.27 per pound.
It is yet another indicator of how unstable the financial markets are as a result of the Brexit vote. The markets are unsure of what is going to happen so things are fluctuating. Eventually they will settle down but how long it will take and how much damage will be done before it finally settles no one knows.
This is what really pisses me off about the people who campaigned for Leave. That this would happen was blindingly obvious. When the financial markets are uncertain the values of shares and currencies suffer. And that in turn makes people suffer. The Leave campaigners choose to ignore this or claimed it wouldn't happen :-(
BBC News:Shares slide as Brexit fears take hold - shares slide and pound hits $1.27. Lowest level since 1985 (6th July)