Pound hovers around $1.40 level

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Pound hovers around $1.40 level on EU referendum

Image caption The pound has touched a seven-year low against the dollar

The pound fell further against the dollar on Tuesday following its biggest one-day drop in almost six years on Monday driven by uncertainty over the UK"s membership of the European Union.

Sterling was trading down 0.9% at $1.4099 after falling to $1.4008.

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