LONDON (dpa-AFX) - As there was an unprecedented surge in demand for foreign currencies after the Brexit referendum, UK's money-changer Thomas Cook has suspended its online foreign currency transaction. The company has also reportedly set transaction limit to 1000 pounds.
The pound has plunged to a 30-year low on Friday and most currencies around the world were down for the day.
Thomas Cook said there has been a strong build up in demand for euros during the last six weeks. 'Our immediate priority is to ensure that we have enough currency in store to fulfill outstanding orders,' the company noted.
London stock market has plunged following the referendum and the pound fell to 1.3226 against the U.S. dollar for the first time since 1985 at 12:15 am ET. Currently, it is steady around 1.3790.
Copyright RTT News/dpa-AFX