The pound has come up against an all-conquering dollar (Dominic Lipisnki/PA)
(Picture: PA Wire)The pound came under intense selling pressure once again on the world’s foreign exchanges as the political vacuum in Britain and the all-conquering dollar took their toll on sterling.
The pound fell more than a cent to $1.1793 by early afternoon having slumped from $1.41 just a year ago. It follows the dollar hitting parity with the euro yesterday as investors anticipated a possible full percentage point rise in US interest rates later this month.
