The pound will relive the record-breaking horrors of Brexit night if Britain leaves the EU without a deal
The pound could fall as much as 8% against the dollar if Britain crashes out of the EU with no deal. "I would anticipate at least a reaction to the extent we saw after the referendum," Thu Lan Nguyen, a strategist at Commerzbank, said.
The pound takes a bath after 'terrible' UK retail sales numbers
The Office for National Statistics said on Thursday that retail sales in June grew 2.9% on an annual basis, well under economists' forecasts of 3.9%. Month-on-month growth turned negative, with sales shrinking by 0.5% between May and June. Economists had expected growth of 0.4%.