Donald Trump
Donald John TrumpRepublicans consider skipping witnesses in Trump impeachment trial Bombshell Afghanistan report bolsters calls for end to 'forever wars' Lawmakers dismiss Chinese retaliatory threat to US tech MORE says if the British pound tumbles in the wake of Britain's vote to leave the European Union, it could benefit him financially.
Donald John TrumpRepublicans consider skipping witnesses in Trump impeachment trial Bombshell Afghanistan report bolsters calls for end to 'forever wars' Lawmakers dismiss Chinese retaliatory threat to US tech MORE says if the British pound tumbles in the wake of Britain's vote to leave the European Union, it could benefit him financially."Look, if the pound goes down, they're going to do more business. When the pound goes down, more people are coming to Turnberry," Trump said Friday, speaking at a press conference celebrating the reopening of his golf resort in Scotland.
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The pound plunged to its weakest level against the U.S. dollar since 1985 in the hours after Britain voted to leave the EU, spurring immediate global financial uncertainty.
The sterling dropped 6.5 percent, to $1.3906, shortly late Friday morning in London, after reaching the 30-year low of $1.3229, according to Bloomberg.
Trump, the GOP's presumptive presidential nominee, used his trip to Scotland to tout his golf resort, spending the first 12 minutes of his press conference complimenting Turnberry before taking questions about the so-called Brexit.
His trip to Scotland in the middle of the presidential campaign has prompted pushback from some Republicans.
The businessman welcomed Britain's vote to leave the EU. President Obama and British Prime Minister David Cameron both supported Britain remaining in the EU.
