British pound falls on reports that Brexit talks are close to breaking down

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British pound falls on reports that Brexit talks are close to breaking down
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Sterling fell sharply against the dollar Tuesday morning with several British media outlets reporting that Brexit talks were close to breaking down.

Tuesday morning with several British media outlets reporting that Brexit talks were close to breaking down.

Meanwhile, the BBC said a government official told the broadcaster Tuesday that the EU had not shown a desire to "budge one centimeter" since Johnson submittedlast week. The official, who was not named, said a deal was not completely ruled out, but the BBC cited another unnamed source as saying Johnson's plans were "the only way out."

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