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NEW YORK (Reuters) – Sterling tumbled on Thursday after British ministers resigned in protest against a draft Brexit agreement, rekindling fears of a chaotic departure for Britain from the European Union in 4-1/2 months. The pound recorded its worst one-day loss against the euro since October 2016. Against the yen, it posted its steepest daily decline since late February. Traders flocked into the perceived safety of the dollar and yen as the pound gyrated this week over Brexit how to date cufflinks uk sale. On Thursday, British Prime Minister Theresa May said she won the backing of her senior ministers for a draft divorce deal, but many in her government are unconvinced and on Thursday her Brexit minister Dominic Raab, and other ministers, resigned..
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At 3.09 p.m how to date cufflinks uk sale. (2009 GMT), sterling GBP=D3 was down 1.53 percent at $1.2783 and down 1.7 percent at 145.08 yen. Against the euro, it EURGBP=D3 was 1.84 lower at 88.685 pence. “We are going to see more selling in the sterling. At least that’s its short-term path,” said James Athey, senior investment manager at Aberdeen Standard Investments in London. Athey sees the pound coming back in the medium term as Britain would weather the effects from Brexit better than what many traders expect right now..
GRAPHIC: Sterling positions and valuations – tmsnrt.rs/2PrxbPH. Reports out of Italy that Prime Minister Giuseppe Conte was looking to work with the EU over his government’s 2019 budget, which has been rejected by Brussels, to avert massive fines had earlier helped support Italian government bond markets and the euro. The single currency was up 0.2 percent versus the greenback EUR=EBS at $1.1333was up 0.19 percent to 128.73 yen, reversing an earlier 0.55 percent loss how to date cufflinks uk sale. An index that tracks the greenback against six major currencies .DXY was up 0.18 percent at 96.981. It touched a 16-month high of 97.693 on Monday..