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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
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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.