Pound Pounded by Renewed Brexit Concerns

Renewed concerns over "hard" Brexit hurt British pound, sending it to a 3-month low of 1.1979 against US dollar before recovering to above 1.2 at close. The market is closely watching PM Theresa May's speech today, speculating that she would signal that the UK would depart from the European single market.

Originally posted here: 
Pound Pounded by Renewed Brexit Concerns