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Pound plunges after UK Brexit minister resigns

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AFP London
Last Updated : Nov 15 2018 | 3:10 PM IST

The pound fell sharply Thursday following the resignation of Britain's Brexit Secretary Dominic Raab over the terms of a draft deal reached with the European Union, dropping more than one per cent against both the dollar and the euro.

The plunge erased gains made earlier in the week after a draft Brexit deal emerged between Britain and the EU. Around 0925 GMT, the pound was worth around USD 1.2831, compared with almost USD 1.30 late Tuesday.

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First Published: Nov 15 2018 | 3:10 PM IST

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