04-10-2016 10:37 via uk.news.yahoo.com

Sterling slides to 31-year low as 'hard' Brexit worries bite

By Anirban Nag LONDON (Reuters) - Sterling slid to its lowest in more than three decades against the dollar on Tuesday, on growing fears that Britain's looming departure from the European Union will hit the economy. Sterling had skidded more than 1 percent on Monday on the back of Prime Minister Theresa May's announcement a day earlier that the formal process to take Britain out of the European Union will start by the end of March. Sterling extended losses on Tuesday, slipping more than half a p
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