Pound extends record losses against euro as Brexit crisis builds - business live
(The Guardian Business News)

Rolling coverage of the latest economic and financial news, including the latest on the US-China trade war and new UK inflation figuresUS considers blacklisting HikvisionChina: Our door´s still openComing up: UK inflation and public finances 9.04am BST Sterling is taking a pounding this morning, as Theresa May´s latest attempt to get her Brexit deal through parliament flounders.The pound has hit a four-month low against the US dollar, falling to $1.2662. Related: Brexit: May´s final effort to win backing falls flat as MPs reject `new` deal Quite... if govt tries to delay bringing the bill forward extremely hard to see how your party allows PM to stay on past sunday/monday - just asked a minister if she can stay on past this weekend - answer, `I hope not´ https://t.co/53Pj4YSCEUAny more negative responses to the new proposed deal and Prime Minister May could resign as soon as this week and attention will shift to the likely Conservative leader contest.That will probably yield a hard-Brexit supporting PM, which in turn will incrementally raise the odds of a hard Brexit. 8.48am BST Breaking: Beijing has hit back against the threat of more Chinese companies being blacklisted in the US.Foreign ministry spokesman Lu Kang has told reporters that Beijing opposes America using its powers to `smear` Chinese firms.Chinese Foreign Ministry: China Opposes US Using National Powers To Smear US Companies -Urges US To Provide Fair And Non-Discriminatory Environment For Chinese Firms Continue reading...