Tuesday July 14, 2020

Pound hits four-month low on back of Brexit chaos

Sterling in longest run of losses ever against the euro, May faces pressure to resign after latest Brexit offer flops

23rd May, 2019
Johnson win expected to hit sterling

The pound fell for a record 13th day against the euro as British prime minister Theresa May came under renewed pressure to step down after her new Brexit plan was roundly rejected.

Sterling dropped to the lowest level in over four months against the dollar, after many of May’s Tory Party and the opposition Labour Party vowed to vote against her proposals in Parliament next month. With May’s rivals already jockeying to replace her, there...

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