The pound fell to a five-year low on Oct. 11 to $1.21 after the prior week's flash crash that saw the exchange rate dip near $1.18 in midday trading. The flash crash led to a spike in volatility, but spot rates remain suppressed as investors continue to evaluate how the vote will impact U.K.'s ability to do business with the rest of the world.
USD strengthens vs. the euro, pound
Euro volatility has been notably lower than that of the pound but has been generally following a downward path as the spot rate approached February's lows. Declines have been primarily attributes to hints from the ECB that its simulative monetary policies will remain intact.