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Pound Dives to Dollar After May's Words on Stalled Brexit talks



The rate of the British pound has fallen to the US dollar by almost 1.5% after the statement of British Prime Minister.



21.Sep.18 8:56 PM
By Abigail Richards
Photo Electrical Storm

   167

Pound Dives to Dollar After May's Words on Stalled Brexit talks
The rate of the British pound has fallen to the US dollar by almost 1.5% after the statement of British Prime Minister Theresa May about the impasse in the negotiations on Brexit. One pound sterling is currently trading slightly over 1.3 dollars and ˆ1.125 against the euro at.

Earlier on Friday, May admitted that negotiations with the European Union for Brexit have come to a standstill." The British prime minister proposed a "soft" version of Brexit, which envisions the creation of a free trade zone with the EU.

May urged her compatriots to prepare for an exit from the EU without concluding an agreement on maintaining access to the single market. At the same time, she noted that it is better to implement Brexit with "no deal" than with an unprofitable deal for Britain.

May’s office said the prime minister would make a televised statement on the Brexit talks on Friday afternoon.

The process of Britain's withdrawal from the EU should end on March 29, 2019



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