Pound Slumps on Boris Related ‘Brexit’ Fears

 

The British pound has slumped further in value against the dollar on worries that the UK is more likely to leave the European Union.

Foreign exchange dealers do not like the uncertainty which was added to by London’s Mayor Boris Johnson saying he will campaign for a Brexit. He joins a number of senior members of the ruling Conservative party who are defying their leader Prime Minister David Cameron. Up until now the ‘Out’ campaign has lacked a political heavyweight to lead its efforts. 

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Source: Euronews