What about the Pound? currency fell to just above $1.27, near a 30-year low, in early trading, lower even than in the immediate aftermath of the EU referendum on June 23, when Brits voted to take their country out of the 28-member group. Losing full access to Europe's markets, the world's largest, could hurt growth. London's financial services sector would be particularly at risk if its banks lost the ability to do business freely across the continent. Automakers are worried about the possibility of tariffs. Share prices have recovered from a dramatic slump in value, with both the FTSE 100 and the broader FTSE 250 index, which includes more British-based businesses, trading higher than before the referendum. The Bank of England is hoping its decision to cut interest rates from 0.5% to a record low and the first cut since 2009 will stave off recession and stimulate investment, with some economic indicators pointing to a downturn.