LONDON — The Latest on Britain’s departure from the European Union (all times local):
The pound has fallen sharply after Britain’s Brexit minister resigned from the government, saying he did not agree with the deal the country had struck with the European Union over the terms of its departure next March.
The currency dropped 1 percent, a relatively large decline for an established currency, to $1.2870 within minutes of a tweet by Dominic Raab saying he “cannot in good conscience support the terms proposed for our deal with the EU.”
Prime Minister Theresa May faces a political backlash over the deal, which is considered insufficient by Brexit backers as well as those who wanted to remain in the EU.
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