Pound slides on Brexit woes

File: The pound unravelled to $1.2752, the lowest point for four months.after Britain's Labour opposition pulled out of key talks with Prime Minister Theresa May.

The pound unravelled to $1.2752, the lowest point for four months. The euro hit a three-month high at 87.60 pence. "The overriding fear for currency traders is that... a hard no-deal Brexit is back on the table as an option," said Jasper Lawler, head of research at London Capital Group.Around 11am, the pound traded at $1.2756, down from $1.2798 late in New York on Thursday.

The announcement came after May on Thursday agreed to set out early next month a timetable for her departure as prime minister -- after MPs three times rejected the divorce deal she struck with Brussels, further weakening her authority and forcing her to reach out to Labour. Elsewhere Friday, stock markets diverged as Thursday's rally on Wall Street and data indicating a strong US economy were offset by the increasingly tense trade and technology stand-off between China and the United States.

The Britons must just forget about this Brexit, I'm sure its costing them their economy now. It's close to a decade now since they started these processes

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