Pound trades at its lowest since last week’s vote

Kenyan exporters are staring at losses as the British currency touched its weakest point on Friday against the Kenyan shilling since the United Kingdom voted to leave the European Union.

Central Bank data shows one sterling pound was trading at Sh134 on average yesterday. This is an 11 per cent drop from the high of Sh150 a weak earlier. It is also the lowest the pound has exchanged against the Kenyan shilling this year. The highest point was in September last year when the pound was sold for Sh163.