The British pound rebounded on Tuesday to hold above recent lows, although it re...
LONDON - The British pound rebounded on Tuesday to hold above recent lows, although it remained vulnerable as traders still worry that Britain is headed for a no-deal Brexit.
Sterling hit a new, almost two-year low against the euro overnight, with the losses largely down to strength in the single currency rather than more Brexit-related worries. But markets believe the risk of a no-deal Brexit in October has surged in recent weeks under Johnson, and such fears have hammered the pound to its lowest in more than two years., away from the 31-month low of $1.2080 hit last week. It had climbed as high as $1.2209 earlier in the session when the dollar sold off.
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