The pound plunged nearly 5% at one point to break beneath 1985 lows and hit US$1.0327. Concerns that high interest rates could hurt growth also knocked Asian shares to a two-year low.
Sustained winds of 185kmh hit the main island of Luzon on Sunday, prompting authorities to shut schools, government offices and the stock market through Monday.
“I have been waiting for this for almost three years,” said a Hong Kong resident. “The rest of the world has opened up and so Hong Kong needs to open up now and return to normal, because it’s such a fantastic place to live.”
The Ukrainian president said Russian strikes on or near two Ukrainian nuclear plants could be considered “contemporary use of nuclear weapons or nuclear blackmail”.
