Pound Touches Lowest Level Since January

Britain’s pound has taken a sharp drop in early Tuesday trading, touching an eight-week low against the dollar, after U.K. lawmakers set the stage for Brexit talks to begin. Today the pound stood at $1.2110 against the U.S. dollar and below €1.14 against the euro. It wiped out all yesterday’s gains, made on the dollar’s…

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Pound Takes A Nosedive Amid Brexit Fears

The pound fell against the U.S. dollar on Monday, after it was claimed that British Prime Minister Theresa May will signal plans to quit the EU single market. The UK currency fell as much as 1.6 percent to a low of $1.1986, a level last seen during October’s flash crash, when it briefly hit $1.18….

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