Pound Sterling tumbles amid Brexit uncertainty

The Pound Sterling tumbled to its weakest since April 2017 today after Prime Minister Theresa May pulled a parliamentary vote on her Brexit deal with the European Union, panicking investors about deepening political uncertainty in Britain.
May said she was delaying the planned vote as her deal would likely be rejected by a significant margin. 
Colleagues had told May that she was facing defeat in the vote, that was set for Tuesday.
The pound fell 1.6 per cent against the dollar, most of the loss coming after May confirmed she was delaying the vote.

comments powered by Disqus
Most Popular
Oil prices fall about $1
Consumer prices dip in June