UK pound slumps as Prime Minister defends Brexit progress, Italy faces down Commission on budget

摘要

LONDON (ICIS)--The strength of the UK pound sterling has weakened against key currencies this week on the back of market disquiet about the stability of Brexit negotiations and of Prime Minister Theresa May's grip on power. The bulk of an agreement for a post-Brexit relationship between the UK and the EU has been agreed, with 95% of terms settled, according to May, despite talk of a looming revolt by hard-line Conservative party members pushing for a clean break with Europe.