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Pound hits 20-month low as Brexit vote pulled

By John-Paul Ford Rojas & James Sillars, business reporters
The pound has hit a fresh 20-month low against the US dollar and stock markets are falling globally after Theresa May decided to delay the Commons vote on her Brexit deal.
Sterling fell by two cents to $1.2519, its lowest level since April 2017 - and also dipped by more than a cent and a half against the euro to just above €1.10 - as the PM outlined her position to MPs and business groups reacted with horror.The currency has been battered by recent uncertainty about Brexit. Experts expect to see it dip sharply if there is "no deal".
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