Nov 16, 2018

Pound plunges as UK ministers quit over Brexit deal

Pound plunges as UK ministers quit over Brexit dealThe pound plunged against the dollar and euro Thursday after ministers, including Britain's Brexit secretary Dominic Raab, quit in protest against a draft deal to exit the EU. The latest market gyrations came as the nation's business sector gave a lukewarm verdict to the proposed agreement, and amid worries that British Prime Minister Theresa May could soon face a no-confidence vote. London's FTSE 100 index of major companies meanwhile dipped 0.1 percent to 7,026.17 points.




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