Published On: Wed, Aug 28th, 2019

Pound plunges: Johnson’s Brexit plot sends sterling plummeting against dollar | UK | News


One pound was worth 1.22805 dollars at 8.45am before the expected announcement was made public, falling to 1.21720 an hour later. Against the euro, a pound was worth 1.10644 at 8.45am, falling to 1.09760 by 9.45am.

Analysts said the pound’s dive came as investors took the news from Westminster as a sign that a no deal Brexit and the prospect of a big hit to Britain’s economy was now more likely.

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