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Pound slumps as threat of no-deal Brexit rises

'The two sides are still a long way from agreement on key terms'

Sterling has slumped against the US dollar, following the news that the latest round of Brexit talks have concluded with "little progress".

The British pound dropped following the news, to lows of 1.31306 against the dollar by 10:40am UK time, down from 1.32434 at 07:10am.

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