British pound drops after Northern Ireland's DUP says cannot back Brexit deal

Pound coins are seen in the photo illustration taken in Manchester, Britain September 6, 2017. REUTERS/Phil Noble/Illustration/Files - Copyright PHIL NOBLE(Reuters)

By Reuters

Published on 17/10/2019 - 09:04•Updated 19/04/2024 - 09:46

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LONDON (Reuters) - The British pound skidded on Thursday after Northern Ireland's Democratic Unionist Party said it could not support the Brexit deal as it currently stands.

Sterling slid as much as 0.6% to $1.2748, and also declined 0.5% versus the euro to as low as 86.81 pence, before steadying and recouping some of those losses.