Johnson Refuels Pound's Record Slide With Talk of No-Deal Brexit

The pound extended a record run of losses against the euro as the front-runner to become Britain’s next prime minister said the nation must prepare for a no-deal Brexit.

Sterling fell for a 15th session against the common currency Friday as Boris Johnson said he wanted a pragmatic Brexit by using no deal as a negotiating tactic. That ended a brief respite for the currency after Theresa May announced she would step down, as the comments reignited market fears that a hard-line Brexit candidate could replace her.