Pound tumbles as UK markets suffer Brexit deal volatility

Sterling drops to about $1.27 against the dollar and falls by 1.8% against the euro Follow the latest Brexit news and reaction – live upda... thumbnail 1 summary

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.

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from US news | The Guardian https://ift.tt/2Q2611a

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