Pound hits two-year low as City fears of no-deal Brexit intensify
by Larry Elliott Economics editor from Economics | The Guardian on (#4K9C4)
Sterling falls by a cent against dollar after Tory leadership candidates' backstop remarks
The pound has fallen to its lowest level in more than two years after pledges by both Boris Johnson and Jeremy Hunt to ditch a key part of the UK-EU withdrawal agreement intensified City fears over a no-deal Brexit.
Sterling fell by a cent against the US dollar after a Sun and Talkradio debate in which both the contenders to replace Theresa May in Downing Street said they would not accept a Northern Ireland backstop in its current form.
Continue reading...