Overnight, the pound has hit the lowest level in 31 years

Read the BBC report here. Currency traders told the BBC that the downward movements are “more extreme than those seen during the financial crisis of 2008.

“Never seen anything like it. These are once-in-a-lifetime moves, bigger than Lehmans and Black Wednesday, and we haven’t even had the result yet,” Joe Rundle, head of trading at ETX Capital, said. “It’s worth noting that trading desks are not fully staffed and these are only the initial reactions. We’re waiting for the big money to crank into action over the coming days and even weeks, which will likely exert further downward pressure on sterling.”

Meanwhile, start your day by reading this comprehensive overview of what will happen next and you’re sorted for any discussions that the day will bring.