{"id":70793,"date":"2018-12-10T14:50:21","date_gmt":"2018-12-10T13:50:21","guid":{"rendered":"https:\/\/theworldwidejournal.com\/2018\/12\/10\/pound-hits-18-month-low-against-us-dollar-as-brexit-confusion-swirls-business-live\/"},"modified":"2018-12-10T14:50:21","modified_gmt":"2018-12-10T13:50:21","slug":"pound-hits-18-month-low-against-us-dollar-as-brexit-confusion-swirls-business-live","status":"publish","type":"post","link":"https:\/\/theworldwidejournal.com\/?p=70793","title":{"rendered":"Pound hits 18-month low against US dollar as Brexit confusion swirls \u2013 business live"},"content":{"rendered":"<p>Speculation that Theresa May will abandon plans for Tuesday\u2019s vote on her Brexit deal is rocking the financial marketsLatest: Pound rocked by reports May will pull voteSterling has hit 18-month low of $1.262 todayPolitics Live: May holds emergency cabinet meeting 1.48pm GMT A further burst of selling pressure is threatening to send sterling below $1.26, for the first time since June 2017.As you can see, the pound has suffered a series of sickening jolts in the last few hours, since news broke that Theresa May was holding an emergency call with the cabinet.PM expected to say that she&#8217;s listened to concerns about the backstop and is heading back to Brussels.Sources tell me PM will return to Brussels in an attempt to renegotiate the backstop. Statement at 3.30.So @jeremycorbyn &#8211; if Labour, as official opposition, lodges motion of no confidence in this incompetent government tomorrow, @theSNP will support &amp; we can then work together to give people the chance to stop Brexit in another vote. This shambles can\u2019t go on &#8211; so how about it? 1.28pm GMT The pound is continuing to lose ground, as traders prepare to hear from Theresa May this afternoon.Sterling is now down a whole eurocent against the euro at \u20ac1.1078, the lowest since September. That means the euro is worth more than 90p.Cable LOD, 1.2630 now, fresh 18-month low. pic.twitter.com\/VLLvMlaUogThe risk of a disastrous vote scenario was too high and therefore they felt it prudent to delay for now. Don\u2019t honestly know if that is a good or bad thing.Either the vote was going to be so bad that postponing it is a good thing, or the postponement of the vote tells you how far away from a good scenario they are. Continue reading&#8230;<br \/>\nVia: <a href=\"https:\/\/www.theguardian.com\/business\/live\/2018\/dec\/10\/stock-markets-trade-war-growth-fears-uk-gdp-business-live\" target=\"_blank\">Pound hits 18-month low against US dollar as Brexit confusion swirls \u2013 business live<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Speculation that Theresa May will abandon plans for Tuesday\u2019s vote on her Brexit deal is rocking the financial marketsLatest: Pound rocked by reports May will pull voteSterling has hit 18-month low of $1.262 todayPolitics Live: May holds emergency cabinet meeting 1.48pm GMT A further burst of selling pressure is threatening [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-70793","post","type-post","status-publish","format-standard","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/posts\/70793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70793"}],"version-history":[{"count":0,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=\/wp\/v2\/posts\/70793\/revisions"}],"wp:attachment":[{"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theworldwidejournal.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}