Pound sinks as Boris Johnson plays Brexit hardball in Scotland
Britain’s FTSE 100 surges to its highest in nearly a year, partly on merger optimism
29 July 2019 - 19:01
Faslane, Scotland — The pound tumbled to a 28-month low on Monday as Prime Minister Boris Johnson said the Brexit divorce deal was dead and warned that unless the European Union renegotiated, Britain would leave on October 31 without a deal.
Many investors say a no-deal Brexit would send shock waves through the world economy, tip Britain’s economy into a recession, roil financial markets and weaken London’s position as the pre-eminent international financial centre...
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