The pound sinks to a 28-month low against the dollar as Boris Johnson's government toughens its rhetoric on Brexit
The pound sank to a 28-month low against the dollar as Boris Johnson's government toughened its rhetoric on Brexit.The currency could fall further, according to analysts at ING Group, as traders appear to have been betting on a last-minute deal being reached.
The pound dropped after"the events over the weekend, where the current stance of the new government became clear", said Petr Krpata, a currency strategist at ING Group. He said his team still aimed to come to an agreement with Brussels, but writing in the Sunday Times, he added:"No deal is now a very real prospect."
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