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British pound hits new low after May's Brexit remarks

Mon Jan 09 07:28:18 EST 2017 | Al Jazeera
The British pound has tumbled to its lowest level against the US dollar since 1985, after UK Prime Minister Theresa May hinted at a complete break with the European Union following the conclusion of the Brexit negotiations. Foreign currency markets had the pound at $1.21 on Monday, down from $1.46 on the day before the referendum to leave the EU in June last year. In an interview with British broadcaster Sky News on Sunday, May said the UK would not hold on to "bits of EU membership", but cautio..

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