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Pound Extends Miserable Run After Johnson Hands EU Ultimatum

The post-Brexit low could come back in focus, says MUFG
No-deal Brexit ‘biggest threat to the pound’: Credit Agricole

The pound has slumped almost 3% in the past four days. — The pound has slumped almost 3% in the past four days.Photographer: Chris Ratcliffe/Bloomberg

By

John Ainger and

July 30, 2019, 6:56 AM UTCUpdated onJuly 30, 2019, 4:00 PM UTC

The pound slumped for a fourth day as investor concerns over a no-deal Brexit intensified.

Sterling continued its slide versus both the dollar and the euro, with investors pricing a higher chance of the U.K. crashing out of the European Union on Oct. 31. As differences between the two sides increase, Prime Minister Boris Johnson’s office said the U.K. will push the EU to negotiate a better divorce deal while preparing the country to leave the bloc without one if he fails.