Pound slumps to four-month low as business chiefs warn the Brexit gridlock at Westminster is a 'disaster' The Pound has hit a four-month low against the US dollar amid Brexit impasse CBI chief warned the political 'paralysis' was a 'disaster' for the UK's businesses Labour and the Conservatives have ended talks to find way through the gridlock
By James Tapsfield, Political Editor, For Mailonline
Published: 10:59 BST, 17 May 2019 | Updated: 10:59 BST, 17 May 2019
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The Pound slumped to a four-month low today as business leaders warned the Brexit gridlock at Westminster is a 'disaster'.
Sterling dived to its lowest level against the US dollar since January at $1.27 as markets reacted to the failure of cross-party talks and impending departure of Theresa May.
The Pound also slipped compared to the Euro, reaching its lowest since February.
The news came after CBI chief Carolyn Fairbairn urged politicians to find a way through the 'paralysis' over Brexit.
