The Pound Has Hit Another Low

The pound has hit its lowest level for more than three months ahead of a crucial speech by the Prime Minister on the UK's exit from the EU.

Sterling fell more than one percent to just below $1.20.

The pound also sank to a two month low against the euro.

It's thought traders were reacting to reports that Theresa May will make further hints she'll pull Britain out of the EU single market.

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