Pound plunges 1% against dollar amid Brexit turmoil
The pound tumbled more than 1% compared to the dollar on Monday after a report hinted that British Prime Minister Boris Johnson stands ready to abandon the trade deal negotiations with the European Union.
Earlier today, Irish Foreign Minister Simon Coveney conveyed a similar message, noting that not reaching a Brexit deal wouldn’t be come as “much of a shock.”
The British currency dropped 1.01% versus the greenback to sell for 1.33014 at 9:23 am CET.
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