While you were sleeping: Brexit weighs on pound

Mon, 16 Jan 2017

By Margreet Dietz Jan. 17 (BusinessDesk) - European equities slid, with the UK’s FTSE 100 Index breaking a record streak, and the British pound weakened amid fresh concerns about the UK’s departure from the European Union. The pound fell to its lowest point against the US dollar since October’s flash crash amid concerns about a hard Brexit, i.e. the UK losing access to any trade and economic benefits with the EU, a day before the nation’s Prime Minister Theresa May is slated to detail plans in a speech. “Even if the pound recovers some...

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