Pound tumbles to four-month lows on Brexit agony

HONG KONG, May 22 (AFP): The pound sank to fresh four-month lows Wednesday after British MPs slammed Theresa May's latest plan to pass her Brexit plan, increasing the chances of a no-deal divorce, while Asian markets rose as dealers await the latest China-US developments.
With Wall Street providing a positive lead, regional equities were mostly on the up but analysts warned traders were on edge and any unsavoury headlines could precipitate another sell-off.
The sterling rallied Tuesday after the prime minister unveiled her revised EU divorce deal that included a promise for lawmakers to set a confirmatory referendum on whatever version of Brexit they end up approving.
However, the currency fell as quickly as it had risen as opponents of the original agreement attacked it as nothing more than a rehash.