Pound sterling falls under $1.23 after leaked papers suggest leaving single market could cost UK £66bn a year | The Independent

In an alarming article, the Independent reports that the pound has fallen to its weakest level since the financial crisis broke out as worries persist over the UK’s economic prospects outside the EU. It highlights that Sterling’s latest selloff followed reports that Britain could lose £66 billion of tax revenues each year if the UK takes the plunge with a ‘hard Brexit’.

Source: Pound sterling falls under $1.23 after leaked papers suggest leaving single market could cost UK £66bn a year | The Independent

This crisis was predicted by those who championed ‘Remain’ but the UK media subordinated the evidence. Now the evidence is converging with reality. Theresa May is no Margaret Thatcher and will be forced to make a massive U-turn or test policies with an early general election?

Thoughts?

Iran Backs Away From Key Detail in Nuclear Deal – NYTimes.com

English: Diagram of nuclear waste and the nucl...

English: Diagram of nuclear waste and the nuclear fuel cycle (Photo credit: Wikipedia)

This comprehensive article from the NYT provides a detailed discussion of the likelihood of a nuclear deal with Iran. It’s a recommended read. Check it out!

via Iran Backs Away From Key Detail in Nuclear Deal – NYTimes.com.

It seems that there’s no agreement on the important proposal to ship surplus nuclear fuel to Russia for safe conversion to rods. It’s still hard to get a comprehensive overview of the likely deal because negotiations are still in progress. Reaction from Saudi Arabia and Israel has been alarm, especially with the escalating crisis in Yemin, where Iran is supporting the rebels.

Thoughts?