Pound erases election gains amid no-deal Brexit concern

Pound erases election gains amid no-deal Brexit concern

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The pound has fallen back to where it was before the UK general election amid fresh concerns over a no-deal Brexit.

The government has said it wants to rule out any extension to the Brexit transition period beyond the end of next year.

Sterling fell 1% against the dollar, to below $1.32, and dropped 1.2% against the euro to €1.18.

The FTSE 250 share index, which…

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