The pound sterling hit yet another all-time-low as investors remained squeamish about the possibility of a hard Brexit, or the exit of the UK from the European Union without a deal being agreed.

It closed at 1.6740.

The pound also reached a 28-month low against the U.S. dollar.

The fall was largely attributed to new British Prime Minister Boris Johnson's doubling down on his Brexit position.

According to the BBC, many investors have asked for the option of a no-deal Brexit to be taken off the table in a bid to keep "investment flowing into the UK".

Here is how the exchange is looking for Singaporeans.

Although there were variations to the exact currency level,

The general trend was consistent.

According to the same BBC article, this might only be the tip of the iceberg for UK, with some experts predicting an early election will lead to new historic lows for the pound.

Image from Pixabay, Stux