Pound plunges as UK ministers quit over Brexit deal

The pound plunged against the dollar and euro Thursday after ministers, including Britain's Brexit secretary Dominic Raab, quit in protest against a draft deal to exit the EU. The latest market gyrations came as the nation's business sector gave a lukewarm verdict to the proposed agreement, and amid worries that British Prime Minister Theresa May could soon face a no-confidence vote. London's FTSE 100 index of major companies meanwhile dipped 0.1 percent to 7,026.17 points.

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