British pound drops to 31-year low on fears of ‘hard’ Brexit

British pound drops to 31-year low on fears of ‘hard’ Brexit

Britain’s pound slumped to a three-decade low on Tuesday as concerns over Brexit were compounded by the renewed strength of the dollar on resurgent U.S. interest rate hike expectations. Sterling was at its weakest since 1985, hit by a growing sense that the UK may be heading for a ‘hard’ Brexit where it severs links […]