Brexit pressures are building again as a change of U.K. prime minister looks all but done.
Sterling is cratering on fears that a change of U.K. leader will bring a "No Deal" Brexit.Lawmakers from Brussels and the U.K. do not yet appear close to a deal that can facilitate Brexit.Victoria Jones - PA Images | PA Images | Getty Images
Sterling versus the U.S. dollar has moved toward the $1.25 handle, falling to a low of $1.2603 just as European trading began on Thursday. A fourth attempt by May to secure domestic support for her Brexit withdrawal plan looks doomed to fail and calls for her to step down have amplified. May is expected to depart in the next few days and her Conservative Party will narrow down candidates to two people before conducting a run-off vote.
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