Economic news

Review: Sterling inches down on political turmoil

The pound tumbled on Wednesday amid a string of scandals in the ruling Conservative party and rising concerns over Prime Minister Theresa May’s capacity to close a good Brexit agreement.

Sterling dropped 0.3 percent to $1.3133, not far from a one-month trough of $1.3040 touched on Friday.

Versus the euro it dipped 0.4 percent to 88.34 pence.

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