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Pound tanks as May braces for Brexit

"Weakness in sterling has been the primary means by which the FTSE 100 has notched up its record-breaking run," said Chris Beauchamp, chief market analyst at IG trading group.


THE pound slumped Monday on reports British Prime Minister Theresa May was ready to take the country out of the European Union in a so-called "hard Brexit".

Sterling's weakness sent London's FTSE 100 index to a fresh record high, while eurozone and Asian stock markets...

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