Theresa May plays down sterling volatility as pound plunges against the dollar

Prime Minister Theresa May has played down the significance of volatility in sterling, which saw the value of the pound plunge to a 31-year low against the US dollar.
The 0.5% fall to 1.277 dollars reflected concern in the markets over Mrs May's insistence she will assert control over immigration after Britain leaves the EU, raising expectations that the UK is set for a "hard Brexit" in which it will lose full access to the single market.
And further signs of anxiety about the prospects for the UK economy came as the International Monetary Fund downgraded its forecast for... read more