THE financial fall-out from Brexit continued as Sterling slumped to its lowest level against the dollar in 31 years.
A move by the Bank of England to help prop up the UK's economy on Tuesday, by relaxing rules for banks to boost lending by up to £150 billion, failed to halt the pound's slide.
Sterling slumped below 1.28 US dollars for the first time since 1985 at one stage and also dropped as low as 1.16 euros before paring back losses slightly.
Andy Scott, economist at HiFX, warned there would be further falls, predicting a drop to 1.25 US dollars and 1.10 euros.
He said the pound would suffer as the "economic outlook significantly worsens and the UK awaits political leadership to provide some certainty".
Meanwhile, DUP MPs Nigel Dodds and Ian Paisley had discussions in London with Cabinet Office minister Oliver Letwin.
Mr Letwin is gathering requests and information for a new government unit to deal with Brexit.
Mr Dodds said the MPs highlighted key issues linked to Northern Ireland and the importance of involving politicians in discussions about how to proceed.
"We outlined the absolute necessity of the Northern Ireland Executive being involved at every step in the process both at official and ministerial levels and in every department," he said.
Earlier, DUP economy minister Simon Hamilton had told an audience of business leaders that the UK's withdrawal from the EU will be a managed process and that there will be "no crash landing".
Ulster Unionist MLA Philip Smith claimed the DUP had offered "no reassurance and no leadership" following last month's vote to leave the European Union.
"It is totally farcical that a party that recommended people voted to the leave the EU then demonstrates that they had not planned for that outcome," he said.
"They now even appear to be advocating retaining aspects of the European Union they wanted to leave so badly, such as free movement of people and access to the single market."
The SDLP told an event yesterday that exit from the European Union would "cause great injury" to the north's economic prospects.
Leader Colum Eastwood said the 56 per cent of voters in the north who voted to remain part of the EU are "looking for leadership and direction".
"The current political limbo in London must not deter us from immediately exploring every avenue which protects the interests of this island," he said.
He said proposals including an all-Ireland forum on Brexit should be explored further and criticised First Minister Arlene Foster for dismissing the idea.
Sinn Féin's Martina Anderson, who met other MEPs to discuss the referendum result, also said that an exit from the EU would hit workers' rights.
"The very fact that one of the contenders for the Tory leadership, Andrea Leadsom, has previously called for the scrapping of workers' rights in small businesses shows what an unchecked Tory government would look like," she said.
