ALEX BRUMMER: Sterling under Brexit cosh as Theresa May's pledge sends it into freefall
The Prime Minister has been given a crash lesson this week on the workings of financial markets.
By pledging to the Conservative Party conference that Article 50 would be invoked in March next year, she in effect kicked away the superstructure that has prevented the pound going into freefall.
Pre-Brexit sterling stood at $1.50 and in recent weeks, as strong economic numbers demonstrated that Britain was far away from recession, the dollar value settled at above $1.30.
Mrs May has provided some certainty to Brexiteers about her determination to get a new deal for Britain, but provided the... read more