British pound at two-year low against U.S. dollar
The British pound on Wednesday traded at its lowest level in more than two years, as concerns about the prospect of a hasty exit from the European Union continued to pressure the U.K. currency.
Another issue is that both Johnson and his Conservative Party rival, Jeremy Hunt, have said they will not accept the so-called Irish backstop deal agreed by the current prime minister, Theresa May, with the European Union. The winner of the Tory party’s vote is expected to be announced on July 23.
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