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Pound Weakens as Early Fault Lines Appear in Brexit Negotiations

  • PM May says ‘some in Brussels’ want Brexit talks to fail
  • ‘Tricky’ negotiations, weaker U.K. economy to hurt pound: SEB
Bloomberg business news

Utermann Worried About Collateral Damage From Brexit

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The pound fell against the dollar amid signs that negotiations for Britain’s exit from the European Union have got off to a rocky start.

Sterling extended losses and weakened against most of its Group-of-10 peers after U.K. Prime Minister Theresa May said that “some in Brussels” do not want Brexit talks to succeed and that there were attempts to deliberately influence the results of the June 8 snap elections in Britain.