In a new violent blow, the British pound suffered the largest loss in 7 weeks against the American currency, after British and European Union sources said that Brexit negotiations reached a stalemate.
A government source said that there is no indication that anything will change over the next 48 hours in the British secession talks, adding that the European Union is not budging from its position.
On the same level, British Finance Minister Philip Hammond said recently in press statements that it is likely that Britain's exit from the European Union will be postponed if the government’s Brexit Plan is rejected by Parliament.
The pound fell 0.73 percent to $ 1.3075 on Thursday, its biggest one-day loss against the greenback since January 18th.
During the session, the sterling touched its lowest level since February 25 at $ 1.3067, according to Reuters.
But the British currency rose 0.37 percent against the European currency to 85.55 pence per euro, after the European Central Bank postponed a possible increase in interest rates until 2020 and said it would resume a program to provide cheap loans to banks.
