Pound slides after Carney warns protectionism could 'shipwreck' economy

Concerns amid continues tensions

Anna Fedorova
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Mark Carney, Governor of the Bank of England
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Mark Carney, Governor of the Bank of England

The pound slid to a six-month low against the euro and dollar, after Bank of England Governor Mark Carney issued a warning that escalating protectionism could "shipwreck" the world economy.

In a speech, Carney said international trade tensions could lead to a new Cold War, which would cost the global economy billions, with fears over this outcome already causing a "sea change" in how business...

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