Worst four days since June pushes sterling to $1.22

The past four days were the pound's worst since the aftermath of the vote to leave the European Union in June, and Bank of England policymaker Michael Saunders warned a "bumpy" Brexit could sharply reduce British economic growth. "Given the scale and persistence of the UK's current account deficit, I would not be surprised if sterling falls further, but I am fairly agnostic as to whether any further depreciation is likely," Saunders told lawmakers in a written submission. Like other Bank of Engl