Pound slumps to new two-year low after Boris Johnson takes Brexit hard line

Pedro Gonçalves
clock • 2 min read

The pound fell to its lowest in two years on growing fears the new premier will steer Britain into an economically damaging no-deal split. Boris Johnson has used his first days as prime minister to double down on his threat to leave the European Union on October 31, even without an exit agreement in place to protect trade. The UK government is now working on the assumption that there won't be an agreement with EU officials, one of Johnson's top deputies said over the weekend. A government marketing campaign is meant to prepare the public. Amid tough rhetoric from government minis...

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