Saturday 15 December 2018
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todayonline - 3 month ago

Pound sinks after PM May warns Brexit talks at impasse

LONDON - The British pound tumbled 1.5 percent on Friday and headed for its biggest daily drop this year against the dollar after Prime Minister Theresa May said Brexit talks with the European Union had reached an impasse and new plans were needed. She said EU leaders needed to come up with new alternatives to her Brexit proposals if both sides were to break the deadlock in their negotiations. Coming at the end of a week when the pound rallied to a two-month high on hopes of an i

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