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Friday, 11 Dec 2020 11:01 PM MYT
British pound sterling banknotes are seen at the Money Service Austria company’s headquarters in Vienna November 16, 2017. Reuters pic
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LONDON, Dec 11 The British pound extended losses today to drop more than one per cent against the dollar after Prime Minister Boris Johnson warned that a no-deal Brexit was “very, very likely”.
At about 1312 GMT, the pound slumped by 1.2 per cent to hit US$1.3135, the lowest level since mid-November, while the euro rose by 1.0 per cent to 92.20 pence its the highest since September.