Sterling is sliding as UK and Brussels head for fresh clash over the Irish BackstopPound slides as Hunt and Johnson say backstop is deadPound hits 27-month low vs dollar, 6-month low vs euroConservative leadership rivals hurt sterlingWeaker pound will drive up cost of foreign holidaysFull story: EU to reject Johnson and Hunt’s plan 2.51pm BST Neil Wilson of Markets.com suspects that the tough talk about no-deal Brexit’s could fade as the 31st October deadline approaches – possibly giving the pound some support.Both Conservative leadership candidates are taking the hard line on Brexit to appeal to the Tory membership.As previously stated, we have to remember that once faced with the granite reality of Number 10, recalcitrant MPs and the EU, there may be a softening. 2.38pm BST Sterling slides to $1.24, weakest level vs dollar since April 2017. If you think confidence in a country’s economic, financial and political outlook is reflected in its exchange rate… pic.twitter.com/RMbqmHEibH Continue reading…
Via: Pound hits 27-month low as no-deal Brexit fears grow – business live
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