Pound slumps on "hard Brexit" woes, yen gains on safe-haven buying
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Pound slumps on "hard Brexit" woes, yen gains on safe-haven buying
Investing.com – slumped Monday to three-month lows on fears Britain will opt for a “hard Brexit.”
The was off 1.17% at $1.2032 at 02:30 ET off a low of $1.1995, its lowest level since the “flash crash” in October.
UK PM Theresa May Tuesday will outline plans for Britain’s departure from the EU.
The Sunday Times reported May will prioritize restoring border controls over a free-trade deal with the EU.
Sterling fell 0.96% to 1.1350 and eased 1.74% to 137.03
The dollar fell 0.47% to 114.00 on safe-haven buying of the Japanese currency.
The U.S. markets are closed today for the Martin Luther King public holiday.
The was up 0.42% at 101.59 as the slipped below the $1.06 mark.
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