Pound tumbles as UK markets suffer Brexit deal volatility
by Jasper Jolly and Kalyeena Makortoff from on (#4303Y)
Sterling drops to about $1.27 against the dollar and falls by 1.8% against the euro
Britain's financial regulator has been in contact with City firms as a raft of resignations over Theresa May's Brexit deal hit markets, sending the pound lower and putting UK housebuilders on track for their worst one-day drop since 2016.
The Financial Conduct Authority (FCA) is understood to have been in touch with stock exchanges, bigger banks, and asset management companies regarding market volatility.
Related: Aston Martin ready to fly car parts to UK if Brexit deal collapses
Continue reading...