Political turmoil over Brexit has sent the pound plummeting close to its lowest level this year.
Sterling dropped as much as 0.65% against the US dollar on Wednesday to just above $1.26 before recovering slightly.
The currency has shed about 2.8% this month, and is on track for a record 13 straight days of declines against the euro, according to analysts.
Earlier Friday, British Prime Minister Theresa May laid out a timeline for her departure, triggering a leadership race that will determine the future of Brexit.
May will step down as leader of the Conservative Party on June 7, but remain as prime minister until the party selects a new leader.
https://www.cnn.com/business/live-news/stock-market-news-today-052419/index.html
2019-05-24 13:56:00Z
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