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The pound's tumbling

The British pound is falling. The currency is down by 0.9% at 1.2864 against the dollar as of 7:48 a.m. ET. On Sunday, Prime Minister Theresa May said the UK will trigger Article 50 — aka the process of separating the UK from the EU — before the end of March 2017. "Sterling has a bad case of the Monday blues," Marc Chandler, the global head of currency strategy at Brown Brothers Harriman, wrote earlier.
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