On the business desk, we watched with unease as sterling fell after May cancelled the Brexit vote
Some, like David Davis, have welcomed the weaker pound – but you'd be hard pressed to find a company that agreed
The movement in the pound on Monday provided a pretty good visual guide to how the Brexit process is going.
Early in the day, the first whispers that the parliamentary vote on Theresa May’s Brexit deal might be postponed weighed on the currency, which hovered just over the $1.27 mark.
As the rumours ramped up into reports citing unnamed sources, sterling started sliding against the euro and the dollar. By the time it was confirmed that the vote would not be going ahead on Tuesday, the pound had fallen to 18-month lows. As the PM tried to explain her position to the House of Commons, it dropped even further.
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