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(24 Jun 2016) The pound suffered one of its biggest one-day falls in history Friday, plummeting more than 10 percent in six hours on concerns that severing ties with the EU will hurt the U.K. economy and undermine London's position as a global financial centre. Authorities including the International Monetary Fund, the U.S. Federal Reserve and the Bank of England had warned Britain's exit would send shivers through a world economy that is only slowly recovering from the global crisis that began in 2008. Now economists will wait to see if their predictions come to pass. Economists say the U.S. dollar will benefit from a weaker pound, but the worry is the plunge could spread to the euro, further weaking the economies of the European Union. A weaker pound means that the cost of goods will be cheaper, allowing for an influx of U.S. dollars in the form of tourism. For British tourists in New York City, the reverse is happening. The overnight plunge made breakfast for Brexit supporters Jayne and Peter Waller more expensive. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/ca208697dbe6438f157712a7fa498c9b Find out more about AP Archive: http://www.aparchive.com/HowWeWork