Daily Record

POUND FALLS AS KNIVES COME OUT

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STERLING took a tumble yesterday amid reports of a plot to topple Theresa May.

The pound reached a one-month low against the US dollar, dropping 0.4 per cent to 1.307.

It also slipped to a threeweek low against the euro, falling 0.2 per cent to 1.117.

Spreadex analyst Connor Campbell said another Tory leadership battle would be “seriously bruising for the pound”.

He added: “While on Thursday there were a web of reasons why the pound was driven lower, Friday’s decline seems to have a more singular reason behind it – Tory infighting. The sound of sharpening knives has only grown louder since May’s Thick of It-esque speech mid-week.”

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