Britain's pound currency plunged in value against the dollar Monday after mop-haired London Mayor Boris Johnson dramatically defected to the campaign for Britain to leave the European Union.
The high-profile announcement dealt a serious blow to Prime Minister David Cameron ahead of the June 23 referendum that could see Britain vote to exit the trading bloc.It was followed by a string of similar announcements by other senior ministers in Cameron's Conservative government, adding to fears that a so-called "Brexit" is now a real risk.
"I think there is genuine worry that Britain might vote to leave and the uncertainty is going to rise into the referendum," Alvin Tan, a strategist with French bank Societe Generale in London, told Reuters.
Read more: Pound Drops as London Mayor Boris Johnson Backs 'Brexit' From EU - NBC News
The high-profile announcement dealt a serious blow to Prime Minister David Cameron ahead of the June 23 referendum that could see Britain vote to exit the trading bloc.It was followed by a string of similar announcements by other senior ministers in Cameron's Conservative government, adding to fears that a so-called "Brexit" is now a real risk.
"I think there is genuine worry that Britain might vote to leave and the uncertainty is going to rise into the referendum," Alvin Tan, a strategist with French bank Societe Generale in London, told Reuters.
Read more: Pound Drops as London Mayor Boris Johnson Backs 'Brexit' From EU - NBC News
