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Pound Sags Amid 'Hard Brexit' Signals Ahead of May Speech

The British pound fell to a three-month low on Monday amid reports Prime Minister Theresa May is about to set the U.K. on the road to a clean break with the European Union, pushing the country into uncertain economic territory. The currency fell below $1.20 before recovering slightly. It has lost about a fifth of its value since Britain voted in June to leave the EU. May is due to disclose details of Britain's exit plans in a speech on Tuesday. Her office says she will call for a...

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