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Get the free app no ads · no paywallBusiness · 12 May 2026
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The pound slid against the dollar and the euro on Tuesday as markets watched the developing UK political crisis. Sterling fell 0.45% to $1.3550 and 0.17% to 86.72 pence against the euro, its lowest level since late April. The drop comes as concerns grow that Keir Starmer's successor could increase public borrowing and weaken UK fiscal discipline.
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