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Pound drops value amid more Brexit concerns

The pound has abruptly changed direction after Attorney General Geoffrey Cox said the legal risks to the UK of the Brexit backstop remained unchanged despite assurances from the European Union.
 
In his legal advice on Theresa May's deal, Mr. Cox said the new provisions "reduce the risk" of the UK being "indefinitely and involuntarily" held in the backstop.
 
The pound fell 0.7 per cent against the dollar.
 
It also fell one per cent against the euro.


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