Sterling, euro stocks scuttled as Brexit deal slams the rocks [Reuters (UK)]
State Street Corporation (STT)
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Source: Reuters
Sterling, euro stocks scuttled as Brexit deal slams the rocks | Reuters 5 Min Read LONDON (Reuters) - Sterling tumbled and the rest of Europe’s share markets groaned on Thursday after a long-awaited Brexit agreement was thrown into chaos as Britain’s chief negotiator for the deal quit just hours after it had been unveiled. Up until that point markets had looked relatively calm. Asia had cheered news that China and the United States were back in contact about their trade dispute, and oil was inching up again having halted a record losing streak. But then came the hammer blow with Brexit minister Dominic Raab quitting in protest at Prime Minister Theresa May’s deal for leaving the European Union. “No democratic nation has ever signed up to be bound by such an extensive regime, imposed externally without any democratic control over the laws to be applied, nor the ability to decide to exit the arrangement,” he said in his resignation letter. Cue a sterling meltdown. The currency slumped a
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