British pound plunges as Brexit fears continue to swirl

``The pound tumbled as low as $1.2796 during Asia trade on Wednesday, it's lowest since 1985, after ending Tuesday's trade around $1.2960. The U.K. currency later recovered to trade around $1.291 at the close of European stock markets. Analysts were concerned that the continued political uncertainty will hurt capital inflows and spur companies to delay investments, potentially tipping the economy into a recession.''