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Pound hits 31-year low amid fears of EU market exclusion

by Sofia Lotto Persio

STERLING plunged to its lowest level in 31 years against the dollar yesterday as fears of a “hard Brexit” intensified.During morning trading the pound fell 0.5 per cent to 1.27 US dollars, its lowest level since 1985.

The value of sterling plummeted as currency markets reacted to speeches made at the Conservative Party conference suggesting that the government will opt for a “hard Brexit” by March 2019, one without access to the single market in favour of clamping down on immigration.

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