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The pound is suffering

The pound dipped below $1.22 on Friday morning, with no let up in sight for sterling. After rising against the dollar on Thursday, the pound is falling again against the dollar in early trade, extending sterling's dreadful run for yet another day. Here's how it looks against the greenback at around 10.25 a.m. BST (5.25 a.m. ET):However, the pound is rising against the euro:Sterling's fall against the dollar appears to be driven by comments from Donald Tusk, the President of the European Council, suggesting a "hard Brexit" is Britain's only option.
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