Pound Slides as Optimism on May's Revised Brexit Deal Fizzles

The pound slid in a swift turn of fortunes on speculation that a revised Brexit deal negotiated overnight won’t pass Parliament.Sterling fell more than 1 percent after U.K. Attorney General Geoffrey Cox said that legal risks remained over the Irish backstop, damping the prospect of Prime Minister Theresa May garnering enough support from lawmakers in a vote Tuesday.“Sterling has been knocked back on the news that Cox is not throwing all of his weight behind last night’s amendme