The pound plunged further toward $1.21 on Tuesday morning as rhetoric from Britain's new Prime Minister Boris Johnson heightened concerns that the U.K. could leave the European Union without a deal on October 31.
By Tuesday afternoon, sterling had recovered slightly from its early depths to trade at around $1.2176, another 0.4% down on Monday's close, having fallen as low as $1.2120 overnight to reach its lowest level against the greenback since March 2017.
By Tuesday afternoon, sterling had recovered slightly from its early depths to trade at around $1.2176, another 0.4% down on Monday's close, having fallen as low as $1.2120 overnight to reach its lowest level against the greenback since March 2017.preparing for a no-deal departure The prime minister said Monday that the current withdrawal agreement between Britain and the EU is "dead."
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