DHAKA: The pound continues to hover around 31-year lows in Asian trading as more UK property funds look to stem withdrawals in the wake of Brexit.

However, the Japanese yen is rising for a third day against the dollar as investors buy into the currency, seen as a safe haven for their money, reports the BBC.

It has strengthened by nearly 5% since the UK vote to exit the European Union.

The renewed jitters over the fallout from the Brexit vote have also extended a rally in gold prices.

The precious metal is trading near its highest price in more than two years.

On Wednesday UK and European stock markets fell sharply and the pound hit a fresh 31-year low as Brexit fears rattled markets.

Another three UK property funds said they were suspending trade after a surge in withdrawals following the UK's vote to leave the EU.

In Thursday’s Asian trade the pound remained lower against the dollar, trading at around $1.2918.

BDST: 0902 HRS, JUL 07, 2016
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