Pound continues slide as traders fear impact of no-deal Brexit

Concerns rise over strength of UK economy with figures expected to confirm recession

The pound has come under fresh selling pressure amid rising fears over the strength of the British economy as no-deal Brexit looms.

Sterling lost more than half a cent to fall as low as $1.245 against the dollar on Tuesday, continuing a slide on the foreign exchanges under way since Theresa May triggered the Conservative leadership race early last month.