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May’s ‘hard Brexit’ stance heightens concerns for U.K. economy Add to ...

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Prime Minister Theresa May’s decision to push for a “hard Brexit” has sent sterling tumbling and raised concerns among some businesses that Britain will face more uncertainty.

The pound fell sharply on Monday morning, down as much as 1 per cent to $1.2844 against the U.S. dollar, the lowest level in seven weeks. It is also down 12 per cent against the euro since the June referendum on leaving the European Union.

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