Pound Wipes Out Rate-Decision Gains After ‘Tough Talk’ on Trade
- Currency down more than 1% versus dollar on trade-deal concern
- It had been buoyed by smooth Brexit last month, BOE decision
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The pound headed for the biggest slump in seven weeks as clashing statements from the U.K. and the European Union fueled fears that talks between the two sides on a future trade deal will be fraught.