The pound fell to its lowest value of nearly four weeks against the dollar after speculation about a coup against Theresa Mey from her own party after her terrible speech on Wednesday.
The British currency has fallen against the ten major currencies, with demand for dollars being exacerbated. This has triggered stops in leveraged accounts, commented market experts.
According to British newspaper Telegraph, over 30 senior members of the party of May, prepare a petition for resignation.
The pound lost 0.9% against the greenback from 1.3134 to levels approaching test support at 55-day moving average. The pound fell further with 0.5% against the euro to 89.24 pence.
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